seems to be effective 1jan
seems to be effective 1jan
Even if you were getting the tax concession, you still needed to pay for the conservancy.
Will a little extra per month for the property tax be enough to have an effect and start forcing units onto the market?
Loss of rent is not a small amount.
This kind of question make you sound very amateurish leh.
I am not sure what exactly do you mean by a little extra per month. If you can claim tax for vacant unit, you are literary not paying any tax for the vacant period.
So depending on the AV for your property, is $1k, 2k, 3k or 5k per month mean a little extra to you?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Smaller apartment will have smaller budget and it also doesnt mean that property with AV above $100k are all rich either.
In the past, its easy to hold on to inherited and fully paid up property and just keep it vacant, but now its going to cost the owner more money to do so. Perhaps those old landed property that has been left vacant for long time will finally be occupied or sold.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
studio or 1 bedder is not going to get affect that much because rental demand are there and AV is low. Those affect most will be those big units with high quantum.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
anyone can direct me to the info? thanks
http://www.mof.gov.sg/policies/tax-p...s/property-tax
Last section, 2 paragraphs.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.