I have agreed to buy land. Could you tell me about taxes?

When the business site is transferred to Yokohama City
If you cooperate with public works (exclusive projects), you may be entitled to preferential tax treatment based on the Special Taxation Measures Law. In addition, if the assets to be transferred correspond to inventories (products), this preferential treatment cannot be received.
＊For more information about taxation, please contact your local tax office.
①Special case of deduction of 50 million yen
If you transfer your assets within six months from the date of Yokohama City first offer to purchase, etc., you can receive the "Special deduction of 50 million yen" for the transferred income. I can do it.
②Special provisions for deferred tax
If an alternative asset is required for compensation for the transferred asset, the “exemption of taxation when an alternative asset is acquired” (deferred taxation) will be applied to the equivalent of the acquisition price of the alternative asset. I can do it.

Answer: Construction Division
Telephone: 045-671-2772
FAX: 045-663-8993