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what expense is tax-deductable from rental income ?

Hi, I collect rent,
pay Property Tax of 10% of anual Value.
What are the other items - that is deductable from tax liability ?

Also, from this rental income, I also have to pay personal tax out of this income, yes ? / no ?

Would it be better if i register a pte ltd company ? or a sole proprietorship ??

Help ! Thanks
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3 Answers

Yian Tay
Replied
Hi Ong,

Under the Income Tax, profits arising from renting out your property are also taxable.

items that can be allowed to be deducted is actually quite long.

Please email to me at yiantay@hot-property.sg
so that I may send you a detailed list regarding this matter.

With regards to setting up a company just to handle this tax issue, may complicate the situation.

Again, please contact me to advise you more clearly.

Cheers,
Yian Tay
ERA Realty
 81003493  Read More
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  • OY
    Replied
    hi,
    thanks,
    in other words,
    1. pay PTX based on 10% of AC
    2. How to deduct the S&C Expense ?
    3. Income - based on Gross Rental / Nett Rental ??? <- still subject to Personal Income Tax ???

    Right/Wrong ?

    Thanks
Able S.K Toh
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Able S.K Toh
Replied
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(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

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