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Japan Home Loan Tax Deduction (住宅ローン控除)

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Buy an energy-efficient home if at all possible. The difference in maximum eligible loan between a standard home (¥30M) and a ZEH home (¥50M) can mean over ¥1.4M more in total credits over 13 years. The energy efficiency certification cost is typically ¥100,000–¥200,000 — a fraction of the additional tax credit received.

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Japan's housing loan tax credit was introduced in 1972 to stimulate the housing market and encourage home ownership. It has been revised repeatedly, with the credit rate sometimes reaching as high as 1% of the loan balance in peak stimulus years. The 2022 reduction to 0.7% was accompanied by an extension to 13 years — a recognition that a lower rate over a longer period provided better economic stimulus while addressing the concern that low mortgage rates (below 0.7%) were creating a perverse subsidy situation.

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