Archive for November 15th, 2010

Necessary Expenses for Japanese real estate and business income

November 15, 2010  |  Individual, Real Estate  |  No Comments

Japanese persimmons or kaki being dried for consumption in the winter - a common site in the Japanese countryside in the Autumn.

“Necessary Expenses” (in Japanese ‘必要経費’ or ‘hitsuyou keihi’) are deductible for Japanese individual income tax purposes when calculating Japanese Real Estate Income, Business Income, Forestry Income and Sundry Income (in Japanese respectively ‘不動産所得’ or ‘fudousan shotoku’; ‘事業所得’ or ‘jigyou shotoku’; ‘山林所得’ or ‘shinrin shotoku’ and lastly ‘雑所得’ or ‘zasshotoku’). Read More