mortgage tax relief tax cuts and investment in human resources used

The tax system amendment general principles which the Liberal Democratic Party tax system committee announces on 2004 December 15th have become the contents whose tax increase color is strong generally.Even among those it rearranges concerning the tax reduction item which is the possibility of working profitably several for the taxpayer.

Talent investment tax credit

First, it is something which is called talent investment tax credit.As for this, in the schedule which is established in a way, talent investment (education and training) promotion tax system, as for the object (as for possibility of being applied to also individual it is high,) it is the corporate body which submits the blue declaration.Is time limit measure of 3 years, but because it can utilize, as “the money does not keep coming out” tax-cut measure they are effective ones.

The exception system for small and medium-sized business is applied vis-a-vis sum total the amount of concrete tax credit the basic system vis-a-vis increase amount.

* Basic system
(Education and training expense of the present term – past average education and training expense of 2 years) ×25% (10% of income tax top limit)

* Exception system
Education and training expense sum total ## tax credit ratio (10% of corporate body tax assessment top limit)
Tax credit ratio -> 1/2 (upper limit 20%) of increasing rate
Increasing rate -> (education and training expense of the present term – past average education and training expense of 2 years) average education and training expense of 2 years ## past

In case of small and medium-sized business the exception system is utilized, tax credit of the amount multiply the tax credit ratio (upper limit 20%) which is suitable to the half of increasing rate vis-a-vis sum total is recognized.of course, the choice between basic system can be. are supposed to be standard corporate inhabitant tax amount after the deduction of corporate tax in addition.

target cost is then, expenses such as instructor trainers, material fee, external facilities fee, training fee, expenses such as training is commissioned. applicable time, 2005years4month1is scheduled for fiscal years beginning on or after the date.

applicable residential mortgage tax break also used

more1one item is a tax cut, revision of the tax cut is that mortgage. but with the proviso that you meet the seismic performance of certain, has been tax cuts and mortgage that can be applied regardless of building age. in the mortgage tax break of up to now, used the case of housing, non-fireproof building (such as a wooden house) after construction is20within a year, refractory non-wooden building (such as apartments) after construction, etc.25condition that within a year because he was, there were indications that used to inhibit the distribution of housing.

in the range of existing housing will be subject to the special deduction of income tax of housing loans, etc. if you have the, about how to structure the required technical standards for earthquake safety, existing homes will be fixed to meet the equivalent thereto or the addition of. applicable time, 2005years4month1after the date of the existing housing (used house) to the acquisition of, case is expected to be used for the residence of the self.