Land minister Seiji Maehara has proposed raising the gift tax exemption limit for home buyers to ¥21 million from ¥6.1 million to help stimulate economic activity, sources said Wednesday.
Maehara will seek the increase as part of the Land, Infrastructure, Transport and Tourism Ministry’s tax reform requests for fiscal 2010, they said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.