Archive for November 11th, 2010

Recognising revenue from Japanese real estate

November 11, 2010  |  Individual, Real Estate  |  No Comments

Cruise boats in Tokyo Bay with Tokyo Bay Bridge in the background.

An individual’s taxable Japanese real estate income is the total of “revenue from real estate” less “necessary expenses” less a deduction available for individuals filing a blue form real estate tax return.

This article looks in more detail at how to calculate the first of these amounts, revenue from real estate for Japanese tax purposes. A key issue here is the timing of when rental or other real estate income is subject to Japanese tax. Read More