Singapore Budget

New Property Tax Computation for Home Owners from January 2011

February 22, 2010

With the latest Budget released for 2010 by Financial Minister Tharman Shanmugaratnam, property tax computation for home owners will be on a 3-tier progressive scheme. Based on Annual Value (AV) of your owner occupied home, the tiers are as follows:- 0% on your first $6,000 of AV 4% on the next $59,000 of AV 6% [...]

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IRAS – Tax Rebate and Defer Your Income Tax Payment

February 12, 2009

Every eligible Singapore tax payer should have a letter hitting their mailbox from our friend, the Inland Revenue Authority of Singapore (IRAS) on 2 things coming from the Singapore Budget’s Resilience Package. One-off Income Tax Rebate So everyone gets a 20% one-off income tax rebate or maximum of $2,000 for tax payable for 2009. Defer [...]

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HDB Additional Housing Grant (AHG) Increase Firmed Up

February 7, 2009

The Additional Housing Grant (AHG) enhancement has been firmed up in Parliament by Minister of National Development Mr. Mah Bow Tan in his speech. The new AHG is as of the following new structure:- As mentioned in my previous Singapore Budget blog entry, each level notch gets the upgrade of the old AHG with the [...]

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Singapore Budget 2009 – What It Means To Us

January 24, 2009

Finance Minister Tharman Shanmugaratnam unveiled the Budget for the fiscal year 2009 two days ago at 3.30pm; Among are the highlights of it’s 20.5 billion dollar Resilience package. Here’re the highlights and perks for the property segment: Bigger HDB Grants for Buyers Additional Housing Grant (AHG) has been raised from $30,000 to $40,000. And more [...]

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Singapore Budget Announcement 2009 Tomorrow

January 21, 2009

Finance Minister Mr. Thaman Shanmugaratnam will be announcing Budget for fiscal year 2009 tomorrow at 3.30pm.  You can get the updates on the budget by: – Mailing List Channel News Asia 93.8 Live Radio By SMS New media reaches more people eh? So what’s on top of your list for this Budget? 100% off property [...]

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Singapore Real Estate News – Estate (Death) Duty Abolished

February 15, 2008

The long awaited budget day for 2008 was released today by the new Finance Minister Mr Tharman Shanmugaratnam. With 6.4 billion surplus in revenue at the closing of 2007, the parliament decides to reward citizens, giving rebates. For the important part of realtors (estate agents) and people who invests in real estate in Singapore, you [...]

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