noun
housing loan tax deduction
A specific Japanese tax incentive that allows homeowners to deduct a portion of their mortgage interest or principal from their income tax. Often discussed in the context of annual tax returns or year-end adjustments.
住宅ローン減税を受けるには、確定申告が必要です。
To receive the housing loan tax deduction, you need to file a tax return.
今年から住宅ローン減税の制度が拡充された。
The housing loan tax deduction system has been expanded starting this year.
Compound of 住宅 (housing), ローン (loan), and 減税 (tax reduction).