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Japan Tax Bulletin

Tax treatment of real estate owned by a foreign corporation and leased in Japan

Due to the prolonged Covid-19 pandemic, more and moreJapanese companies are selling off their headquarter buildings and other real estate holdings in order to secure cash reserves and drastically downsize their office space.
Among the buyers are foreignfunds, foreign corporations, and wealthy foreign individuals.
In thisbulleting, we will review the tax treatment of a foreign corporation and a non-resident individual that leases office space in Japan to a Japanese company or a Japanese resident.

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