28 Feb '13, 10am

"The quantum increase in taxes on high-end homes is "marginal" compared with the rental income received." Read more:

Up, up and away: With investment property taxed the most, investors may take their capital overseas or they may switch to commercial properties as tax rates for non-residential properties remains at 10%. - PHOTO: YEN MENG JIIN OWNERS of high-end homes will face higher taxes, with investment properties bearing the brunt of the increase. In a shift towards a more progressive tax structure, the tax band for owner-occupied homes was expanded from the current 0 per cent, 4 per cent, and 6 per cent tax rates, to encompass a a wider range of rates, ranging from 0 per cent to 16 per cent. Under the new tiered rates, an owner-occupied landed property in the central area with an annual value (AV) - estimated annual rent - of $150,000 will see an increase in property tax of $5,120 per year. Marginal property taxes for residential properties that are not owner-occupied and, therefore,...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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