To add to the letter “Make property tax fairer” (July 13), it seems that the law favours property investment to owner occupation.
Mortgage interest and expenses for repairs and maintenance can be used to offset tax paid on rental income, while no such benefit exists for owner-occupiers in their property tax.
From Preeti Athavle
Source : Today – 2012 Jul 30
Comments Off on Property tax favours investors?
Posted in Tax Matters / Property Tax
Tagged Owner-occupier, Property Tax, Singapore Property Tax, Tax Negotiation and Representation
A 50-year old woman was charged with using counterfeit stamp certificates.
The Inland Revenue Authority of Singapore (IRAS) on Friday pressed four charges on Koh Siew Buay for offences under the Stamp Duties Act.
The court heard that between January and July last year, Koh gave out fake stamp certificates for four different properties to four tenants.
If convicted, Koh could be fined up to S$10,000 and jailed up to three years for each offence.
The case has been adjourned to 20 July.
Source : Today – 2012 Jul 13
Comments Off on Woman charged with giving fake stamp certificates
Posted in Tax Matters / Property Tax
Tagged Inland Revenue Authority of Singapore, IRAS, Singapore Property, Stamp Certificates, Stamp Duties Act, Stamp Duty
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