Article 41-4Special Provisions on Aggregation of Profits and Losses Pertaining to Real Estate Income
第四十一条の四（不動産所得に係る損益通算の特例）
Where there is an amount of losses that has arisen in the calculation of the amount of real estate income of an individual for 1992 or any subsequent year, if the amounts included in necessary expenses in the calculation of the amount of real estate income for that year include an amount of interest on liabilities incurred to acquire land or a right existing on land (referred to as "land, etc." in the following paragraph) used for the business that generates real estate income, the amount calculated pursuant to the provisions of Cabinet Order as the portion of that amount of losses corresponding to that amount of interest on liabilities is deemed not to have arisen with regard to the application of the provisions of Article 69, paragraph (1) of the Income Tax Act and other provisions of laws and regulations concerning income tax.
個人の平成四年分以後の各年分の不動産所得の金額の計算上生じた損失の金額がある場合において、当該年分の不動産所得の金額の計算上必要経費に算入した金額のうちに不動産所得を生ずべき業務の用に供する土地又は土地の上に存する権利（次項において「土地等」という。）を取得するために要した負債の利子の額があるときは、当該損失の金額のうち当該負債の利子の額に相当する部分の金額として政令で定めるところにより計算した金額は、所得税法第六十九条第一項の規定その他の所得税に関する法令の規定の適用については、生じなかつたものとみなす。
The calculation of the amount of liabilities incurred to acquire land, etc. in the case where land, etc. used as the site of a building is acquired together with the building, and other necessary matters concerning the application of the provisions of the preceding paragraph are specified by Cabinet Order.