AFP: Japanese temple goes on auction bloc over unpaid tax
Aficionados of Buddhist art have the chance to buy the ultimate Zen Buddhist collector's item: a Japanese temple. A tax bureau is auctioning off the temple, which includes a 75-meter-high (246-foot) pagoda and Japanese garden along with several other buildings on a 34,000 square-meter (40,000 square-yard) lot. The asking price: 3.5 billion yen. The Daishizan-Seidaiji temple was built in 1987 in Katsuyama in western Fukui prefecture by the head of a regional taxi company who had grown rich...The man spent 38.5 billion yen build the entire temple. But the entrepreneur, who has since died, failed to pay more than three billion yen in taxes over about 10 years...A property management firm was set up to run the temple, but the company could not pay taxes on the site because it failed to attract visitors...more...
We could add this to the island and castle already in the FG property portfolio.
