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The Secret Tax Saving Hack I Learned In Japan

Shu Matsuo Post2023-04-15
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💫 Short Summary

The video explores using real estate as a legal tax reduction strategy, focusing on a tax hack from Japan that benefits international investors. It highlights changes in Japan's tax law affecting depreciation periods and discusses leveraging passive losses to delay corporate taxes. Long-term property retention is recommended for wealth building through appreciation and rental income. Strategic planning and consultation with a tax accountant are essential for effectively implementing these tax-saving strategies.

✨ Highlights
📊 Transcript
Real estate can be used to legally lower taxes through a tax hack learned in Japan.
Japan incentivizes wealthy individuals to invest in real estate outside the country.
In 2020, Japan updated its tax law, changing the depreciation period for structures older than 22 years from four years to 22 years.
Individual investors are impacted by this change, but properties purchased through a Japanese entity can still benefit from the shorter depreciation period.
Understanding tax laws for international investments is key to implementing tax savings strategies for real estate investors.
Tax strategy for reducing corporate taxes by claiming depreciation on company-owned properties.
Companies can utilize passive losses to avoid paying corporate taxes for up to four years.
Strategy only delays tax responsibilities as capital gains taxes will be due upon selling the properties.
Holding onto properties long-term can build wealth through appreciation and rental income.
Strategic planning and consultation with a tax accountant familiar with the topic are necessary for effective implementation.