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Home Loan, Transfer/ Home Removal Support
Bayer contracts with several banks for employee home purchase support to provide home loans at lower interest rates. In addition, Bayer has also established property accumulation saving and property loan systems that receive favorable tax treatment in order to support home purchases.
In cases of transfer, an employee can start by living in Bayer’s leased company house in the area the company has assigned the employee to and Bayer provides rent assistance. In addition, after an employee has purchased a house, the value of that rent assistance will continue to be paid as a housing allowance.
When an employee buys his or her own home with loan, he or she can have tax deductions in accordance with the balance of the home loan as a favorable tax treatment measure. However, when an employee cannot live their own home due to transfer, the employee cannot receive favorable tax treatment. Bayer covers the equivalent amount for the employee who misses such tax treatment.
Bayer contracts with several banks for employee home purchase support to provide home loans at lower interest rates. In addition, Bayer has also established property accumulation saving and property loan systems that receive favorable tax treatment in order to support home purchases.
In cases of transfer, an employee can start by living in Bayer’s leased company house in the area the company has assigned the employee to and Bayer provides rent assistance. In addition, after an employee has purchased a house, the value of that rent assistance will continue to be paid as a housing allowance.
When an employee buys his or her own home with loan, he or she can have tax deductions in accordance with the balance of the home loan as a favorable tax treatment measure. However, when an employee cannot live their own home due to transfer, the employee cannot receive favorable tax treatment. Bayer covers the equivalent amount for the employee who misses such tax treatment.
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