10 Feb '17, 6pm

Appeals to reduce property tax in Budget 2017 – Is there a good deal coming? https://t.co/ZqsH0ZKVpr

It seems like that people from the The Real Estate Developers’ Association of Singapore (REDAS) is not happy with the existing property tax structure in Singapore. As a matter of fact, they are now appealing to the government for a review of the existing property taxes. What exactly is REDAS asking? The Real Estate Developers’ Association of Singapore (REDAS) is seeking the Government of Singapore in hopes to reduce the property tax for vacant land. Not only for vacant land – they are also seeking a tax exemption for land under development and those that have yet to commence development; tax exemption on buildings undergoing renovation, provide tax concessions for vacant properties; and to make the valuation process more transparent. They are also proposing for the existing basis of tax assessment on vacant land to match the land’s lease term. Besides that, Real Estate Dev...

Full article: http://allthedeals.sg/appeals-reduce-property-tax-budget-...

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