Mycat Inc. (Headquarters: Meguro-ku, Tokyo) has newly released the "Farmland Fixed Asset Tax vs. Post-Conversion Tax Comparison Tool" (https://nouchi.xyz/tools/tax-compare) within its AI farmland sale/conversion diagnosis service, "Nouchi Kakaku AI" (https://nouchi.xyz).

Difficulty in seeing the "cost of holding" inherited farmland According to statistics from the Ministry of Agriculture, Forestry and Fisheries, the area of abandoned cultivated land amounts to approximately 420,000 hectares and continues to increase. There are many cases where land is left uncultivated due to aging or lack of successors, making it difficult for many to handle inherited farmland.

While fixed asset tax on farmland is kept low, the tax amount significantly increases when converted to residential land. However, there is a trade-off: leaving it as farmland incurs management costs and affects neighbors, while converting it expands options for utilization. To estimate "which is more economically advantageous," it is necessary to understand the differences in taxation methods for each farmland classification (general farmland, urbanized area farmland, production green space, etc.), making accurate comparison difficult for individuals.

Three features of the "Farmland Fixed Asset Tax vs. Post-Conversion Tax Comparison Tool" 1. Simply select prefecture, area, and farmland classification: By entering just three items, it compares the fixed asset tax for farmland and the fixed asset tax after conversion to residential land over a 10-year cumulative period. 2. Supports taxation methods for each farmland classification: Automatically reflects differences in valuation methods and tax rates depending on the classification, such as general farmland, urbanized area farmland, and production green space. Comparisons can be made without being conscious of complex tax systems. 3. Comprehensive comparison including conversion costs: In addition to the difference in fixed asset tax, a comprehensive comparison is possible, including estimated costs for permit applications and development expenses for farmland conversion.

How to use 1. Access the Nouchi Kakaku AI Fixed Asset Tax Comparison Tool (https://nouchi.xyz/tools/tax-compare) 2. Enter prefecture, farmland area, and farmland classification. 3. Check the 10-year fixed asset tax comparison for farmland ownership and residential land conversion, and a comprehensive estimate including conversion costs.

Future Development Nouchi Kakaku AI will continue to develop and release practical tools to eliminate information disparities regarding farmland sales and conversion, aiming to help farmland owners make appropriate decisions.

Company Profile Company Name: Mycat Inc. Location: 2-7-22 Mita, Meguro-ku, Tokyo Business Activities: Planning, development, and operation of AI-powered lifestyle and business support services. Corporate Website: https://mycat.business

FACT BOX

  • Source: PR TIMES
  • Category: product_launch