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Thread: Ways to Reduce Property Tax???

  1. #1
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    Default Ways to Reduce Property Tax???

    anyone here has any good idea to reduce property tax legally? for eg, declaring a smaller amount as rental and the rest as furniture rental etc? If we rent out our unit to tenant directly without going through agent, will there be any implications if the documents are not stamped?

  2. #2
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    Quote Originally Posted by showa8
    anyone here has any good idea to reduce property tax legally? for eg, declaring a smaller amount as rental and the rest as furniture rental etc? If we rent out our unit to tenant directly without going through agent, will there be any implications if the documents are not stamped?
    Property tax is determined by IRAS, you cant change it.

    Only thing you could do is to reduce your rental income or "other incomes" in your income tax submission by deducting what you are allowed to deduct. e.g. lost of rental, interest, repair etc.

  3. #3
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    Quote Originally Posted by showa8
    anyone here has any good idea to reduce property tax legally? for eg, declaring a smaller amount as rental and the rest as furniture rental etc? If we rent out our unit to tenant directly without going through agent, will there be any implications if the documents are not stamped?
    Die die must stamp! Dun ever tink of siam rental income tax....this is singapore

    Tat time bro blackjack oredi explained a long list of why we must stamp our tenancy as a landlord....

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    Quote Originally Posted by devilplate
    Die die must stamp! Dun ever tink of siam rental income tax....this is singapore

    Tat time bro blackjack oredi explained a long list of why we must stamp our tenancy as a landlord....
    just curious, what must it be stamp?

  5. #5
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    Die Die must stamp???


    Quote Originally Posted by devilplate
    Die die must stamp! Dun ever tink of siam rental income tax....this is singapore

    Tat time bro blackjack oredi explained a long list of why we must stamp our tenancy as a landlord....

  6. #6
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    Quote Originally Posted by showa8
    Die Die must stamp???
    Stamp ur ta

  7. #7
    Junior

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    fulfill your duty as singaporean... pay your taxes....

  8. #8

  9. #9
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    Hi,

    Anyone can advise this situation? :

    - two private apartments
    - apartment A currently own stay
    - apartment B bought recently (resale)
    - apartment B now being extensively renovated
    - after renovation, will move from A to B
    - apartment A to be rented out
    - before rental, will also do some minor renovation to A
    - apartment B when ready, to be own stay

    Questions : for property tax deductions, can one claim :
    - for renovations for apartment B too?
    - for apartment A presumably is not an issue?

    Thanks for your advice.

  10. #10
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    can reduce ppty tax on reno??

    sorry i din noe abt tat!

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