My family generates an income of about ¥20million per year from commercial rental properties. Of that, around 34% goes straight to taxes.
My father-in-law has already consulted an accountant about the possibility of forming a company and having the rental income funneled through that. However, the answer seems to have been that the amount of income is below the threshold where that would make sense.
So, I’m wondering if there are any other viable strategies to reduce the amount of taxes paid.
by Kfarstrider
