Archive for November 16th, 2010

Interest and depreciation as deductible real estate expenses

November 16, 2010  |  Individual, Real Estate  |  No Comments
The eves of one of the Byoudoin Temple buildings in Kyoto.

The eves of one of the Byoudoin Temple buildings in Kyoto.

Interest costs and fixed asset depreciation costs are two material real estate related costs that can be treated as ‘Necessary Expenses’ under the Japanese Income Tax Law (‘ITL’) article 37 and hence which are deductible for Japanese tax purposes when calculating individual real estate income.  This article looks at how such tax deductible interest and depreciation are calculated and some of the special considerations that which apply. Read More