TOKYO, Jun 27 (Nikkei) - Rules for taxing high-rise homes in Japan are poised to change as early as next year in a way that could raise the inheritance tax burden on these popular investments, Nikkei has learned.
The National Tax Agency aims to introduce a new assessment method meant to bring property valuations used as the basis for tax calculations closer to market value -- which is often much higher. The new rule would take effect Jan. 1. ...continue reading