Japan Tax Agency Cracks Down on ¥50 Billion Real Estate Tax Avoidance: New Rules Target Last-Minute Inheritance Purchases
Japan's National Tax Agency is cracking down on a ¥50 billion real estate tax avoidance scheme used by the wealthy. Following the "tower mansion tax" reforms, new regulations now target rental buildings and real estate investment trusts. Under proposed 2026 tax reforms, investment properties purchased within 5 years of inheritance will be valued at market price. How does your country handle tax avoidance by the wealthy?