Fixed Asset Tax Reduction for Renovations: Who Qualifies and What You Get
Learn how owners can receive a tax reduction by completing energy-saving or seismic renovations on their properties in Japan.
This scheme offers a tax break to property owners who make improvements to their buildings to improve energy efficiency or earthquake resistance.
Who it's for
This is available to property owners who carry out specific types of renovations, specifically those focused on energy-saving measures or seismic reinforcement to improve earthquake safety.
What you get
If you qualify, you will receive a 30% reduction in your fixed asset tax for one year.
What it costs you
There is no direct fee to access this benefit, but you must complete your application within three months after the construction work is finished.
The catch to know
Simply renovating is not enough; the work must meet specific technical criteria, such as installing certain types of window insulation or other energy-saving upgrades.
How to apply
- Complete your energy-saving or seismic renovation work.
- Ensure all work meets the required technical standards.
- Submit your application to the relevant authorities within three months of the work being completed.