The city becoming the first in the country to implement the system, according to a source close to the matter said Wednesday that Japan's internal affairs ministry is poised to approve a proposal by Kyoto to tax the owners of empty homes and holiday houses.
The tax, set to be introduced in 2026, aims to boost the property market amid an exodus of young people struggling to secure housing in Kyoto. If effective, it could serve as a reference for other cities facing similar problems.
The non-statutory tax will also target vacation homes and unfilled secondary residences, with factors such as the property s value and location being taken into account when calculating the amount to be taxed.
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