Mandatory application for inheritance registration(2024年4月1日〜)
Under amendments to the Real Property Registration Act, applying for inheritance registration, which heretofore had been optional, became mandatory.
【Details of mandatory application for inheritance registration】
Inheritors is legally required to register their inheritance within 3 years from the day that they learn that they have inherited property (land/building).
If the inheritor fails to register their inheritance without justifiable grounds, a fine of up to 100,000 yen may be imposed.
In a case where the inheritor acquires property through the division of inherited property (discussion among inheritors), they are required to separately register their inheritance within 3 years from the day of the property division in accordance with the details of the property division. Property inherited prior to April 1, 2024 that has not been registered as inheritance must be registered by March 31, 2027.
【Declaration-by-the-heir (starting on April 1, 2024)】
A new system, the “Declaration-by-the-heir”, also introduced as a simple means for inheritors to fulfill their obligation to register their inheritance.
Under this system, inheritors are able to individually and simply submit a notification of their inheritance even in cases where it is difficult for them to register the inheritance due to disagreement among inheritors regarding the inheritance.
However, it must be kept in mind that it is not possible for inheritors to fulfill their obligation under the law to register their inheritance through the “Declaration-by-the-heir” once the division of inherited property has been concluded; and that the efficacy of the system is limited as rights related to the property are not made public.
・Information on registration procedures using multilingual telephone interpretation services(0570-011289)(Weekdays 9:00-17:00)(English, Chinese, Korean, Filipino, Portuguese, Vietnamese, Nepali, Spanish, Indonesian, Thai)
Reforming Some of Japan's Fundamental Civil Laws Toward Solving the Issue of Unclaimed Land
【Details of mandatory application for inheritance registration】
Inheritors is legally required to register their inheritance within 3 years from the day that they learn that they have inherited property (land/building).
If the inheritor fails to register their inheritance without justifiable grounds, a fine of up to 100,000 yen may be imposed.
In a case where the inheritor acquires property through the division of inherited property (discussion among inheritors), they are required to separately register their inheritance within 3 years from the day of the property division in accordance with the details of the property division. Property inherited prior to April 1, 2024 that has not been registered as inheritance must be registered by March 31, 2027.
【Declaration-by-the-heir (starting on April 1, 2024)】
A new system, the “Declaration-by-the-heir”, also introduced as a simple means for inheritors to fulfill their obligation to register their inheritance.
Under this system, inheritors are able to individually and simply submit a notification of their inheritance even in cases where it is difficult for them to register the inheritance due to disagreement among inheritors regarding the inheritance.
However, it must be kept in mind that it is not possible for inheritors to fulfill their obligation under the law to register their inheritance through the “Declaration-by-the-heir” once the division of inherited property has been concluded; and that the efficacy of the system is limited as rights related to the property are not made public.
・Information on registration procedures using multilingual telephone interpretation services(0570-011289)(Weekdays 9:00-17:00)(English, Chinese, Korean, Filipino, Portuguese, Vietnamese, Nepali, Spanish, Indonesian, Thai)
Reforming Some of Japan's Fundamental Civil Laws Toward Solving the Issue of Unclaimed Land