I understand that when you own a property, it is split into land and house prices.
the house can be depreciated over the lifespan which depends on whether it’s wooden, RC or metal frame.
Capital gains tax have to paid if there is a gain in the sale.
Tax (I think) = [ Sale price – (Original price – amount you depreciate)] x tax rate.
My question is if I don’t depreciate (or unable such as I move out of japan and keep the house empty for a few years) (or did not do tax return) to depreciate the house, can I depreciate the house later?
by what_do_i_know0