Expanded Real estate investment and final tax return support functions for owners of the online real estate transaction marketplace "RENOSY"

February 01, 2022

Start of provision of “report creation support function” that allows you to create income and expenditure statements simply by posting the tax return items displayed in the app

Our company, which operates the online real estate transaction marketplace “RENOSY ”, provides a statement of income and expenditure with the asset management app “OWNR by RENOSY ”provided for customers who have purchased properties at RENOSY. (*1)

*1 Properties purchased by other companies or properties managed by other companies are not supported by this function.

◆ Background of the function update

Property owners who Real estate investment must file income tax returns each year. On the other hand, the current situation is that many real estate owners are troubled by the number of items to be declared, the number of documents to be prepared in advance, and the complexity of the calculation method for each item.

In October 2021, we started providing a tax return support function on OWNR by RENOSY so that customers can proceed with the tax return procedure without any hassle (*3). We centrally manage the numbers of the documents required for filing a final tax return for Real estate investment. By registering the necessary information in the app, we provide a function to automatically calculate the tax return figures for the relevant fiscal year.

With this update, we have added a "report preparation support function" that automatically calculates the rent and depreciation expenses necessary for creating a statement of income and expenditure among the tax return documents to be submitted to the tax office. This will further reduce the time and burden on customers in the final tax return procedure.

*3 GA technologies Co., Ltd.“ RENOSY Real estate investment, the industry’s first application with a “tax return support function” to promote the unification of information necessary for property management” (announced on October 12, 2021) https: //www.ga-tech.co.jp/news/10935/


◆ Outline of “return preparation support function”
This is a function that automatically calculates the information necessary for creating an income statement based on the following data.

• Expenses registered in advance by the customer
• Data held by the Company as a seller and management company (*2) (rent fees, management fees, etc.)

Items other than expenses are calculated from the data held by our company, so customers can register their expenses in advance and follow the guide displayed in the app to post the necessary items on the National Tax Agency website. can be created.

◆ Flow of procedures using the tax return support function

strong> 1. Check the flow of the tax return and the to-do list
Check the flow of tax return and the to-do list (completed/uncompleted tasks) in the guide displayed in the app.

2. Register expenses

Register the information on various documents such as repayment schedules, insurance policies, and tax notices in the app.

3. Create a tax return from the National Tax Agency website

Follow the guide displayed in the app to access the National Tax Agency website (*4) and transfer the required items from the app to the website (*5).

*4 National Tax Agency “Reiwa 3 Years Tax Return Special Feature” https://www.nta.go.jp/taxes/shiraberu/shinkoku/tokushu/
*5 Customers are required to confirm items other than the breakdown of income/expenditures that are necessary for preparing final tax returns (income amounts other than real estate income, items such as income and tax credits, etc.).

4. Submission to tax office

Mail or bring in the complete set of documents and submit them via e-Tax.

◆ About OWNR by RENOSY

OWNR by RENOSY is a smartphone app for customers who have purchased a property at RENOSY. In addition to being able to check basic information such as contract documents and tenant information of owned properties in one stop, "monthly cash flow management", "tax return support function", "confirmation of newly sold properties", "moving in and out information", "inquiries", etc. , supports the asset management of real estate owners with a wealth of functions.


◆ About online real estate transaction marketplace “RENOSY ”
RENOSY is an online real estate transaction marketplace provided by GA technologies Co., Ltd. which advocates the management philosophy of "Create a world-leading company excitement for people through technology and innovation." Based on the concept of “easier housing search and asset management,” we are able to “rent,” “buy,” “sell,” “lend,” “renovate,” and “invest” in real estate. We operate a real estate information website. The total number of members is about 240,000, and information on more than 150,000 properties, mainly second-hand condominiums in central Tokyo, is posted, and while promoting the efficiency of analog and opaque real estate operations, customer experiences related to both online and offline housing. We are working to improve

* The number of RENOSY members is as of the end of October 2021, and the number of buildings listed is as of the end of October 2020.

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