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New tax revision to allow 2% of building purchase price to be deducted
投稿日 2019年1月10日 09:04:47 （newspaper）Source: japanpropertycentral.com
The government has decided to extend the home loan tax deduction program for new home buyers to allow a three-year period whereby a home owner could deduct up to 2% of the building portion of their purchase price from their income tax. This is an effort to help support the housing market this year when the consumption tax rate is scheduled to increase to 10% from October 2019.
The three-year extension to the current 10-year maximum term will allow a home owner to deduct up to 2% of the property purchase price* from their income
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