Saturday, July 11, 2009

Still Jittery About Tax Policy

Source : The Straits Times, July 11, 2009

IN THE recent property boom that ended last year, MrLee (not his real name), a vice-president in a company here, sold three properties within a year.

One was a home he had lived in for many years, while the other two were investment properties whose prices were too good to pass up.

Just before he sold the third property, Mr Lee's lawyer warned him that all this buying and selling might get him into trouble with the Inland Revenue Authority of Singapore (Iras).

Read the full report in The Sunday Times.

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