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Hi, i would like to find out, if today i am using a company to aquire residential property, how is the tax payable? i read that if the company is less than 40% owned by me and the remaining is not related to me, this 15% tax will be waived.

Is this how it works?
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2 Answers

Mark Ng S W
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Robbie Chen Chee Howe
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Hi,

If you purchase a property under company, even if it's 1% owned, it is considered foreign entity, hence 15% ABSD will be imposed.

However, there may be ways for you to work around this. I will need to discuss your situation before being able to give you a more appropriate recommendation.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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