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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Income tax is tiered. How much you pay for personal income tax, is dependent on your income for the financial work year.

Rental income from properties is considered as Other Income, which you will need to declare. However, you could offset the expenses incurred (i.e agent commission, maintenance, mortgage interest etc) from the rental income to get a nett income.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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

Hi
Yes you are right. Rental income is included as one your income when tax computation is concerned and will be added to your employment income to calculate your tax liability. However unlike employment income, you can claim deductible expenses such as agent fee, maintenance expenses and mortgage interest. IRAS also allow owners to claim standard 15% deemed expenses (excluding mortgage interest where you need to claim seperately) for the purpose of easier calculations. Do contact me at 93375051  for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Good evening Sir/ Mdm,

rental income (after expenses) will be added into your employment/ self employment/ trade income (when you file your NOA) under tax resident rates.

Hope my sharing aids in clearing your doubts.

May I know how can I value add further in your property needs?

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R043025D
Propnex Realty Pte Ltd

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