From 2023, investment home owners must pay higher taxes. Singapore property tax for non-owner-occupied properties, including tenanted or investment properties, will be raised across the board from 10 to 20 per cent to 11 to 27 per cent. Taxes will be hiked further to 12 to 36 per cent in 2024. But despite this, many […]
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When we engage a property agent to help us buy, sell or rent a property, we would expect them to offer independent and unbiased advice. However, there may be instances when a property agent’s personal or professional interests compete with, or are different from ours as clients. Under the Council for Estate Agencies’ (CEA) guidelines,...
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Nightmare landlords are not something entirely new, especially when renting in Singapore, where the law generally favours landlords over tenants. However, all other nightmare landlords pale in comparison to this particular one, as attested by her unfortunate tenant, Mr Terrance Tham. He took to Facebook on 7 April in a desperate plea for help. His...
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Did you know that nationals or Permanent Residents of five countries buying residential properties in Singapore are accorded the same Stamp Duty treatment as Singapore Citizens?
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Property Tax is a tax on property ownership and applies whether the property is rented out, owner-occupied or vacant The privilege of owning property comes with the need to pay tax on that property annually. Property Tax is a tax on property ownership and applies whether the property is rented out, owner-occupied or vacant. Even […]
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What are the general corporate income tax rules in Singapore? Corporate Income Tax is assessed on a preceding year basis in Singapore. Singapore’s Corporate Income Tax rate is 17%. For corporate income tax purposes, the following is considered a company: A business entity incorporated or registered under the Companies Act 1967 or any law in […]
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When it comes to condo living, a lot has been said and written about how and why it’s important to choose the right managing agent. But equally important is to elect the right people into the management council of the MCST. A little background about MCST, management council and AGM MCST is short for Management...
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