Abcd1234
05-07-12, 01:00
Hi guru in this forum,
Just bought a private condo, was asked by seller (via seller's legal) to pay for remaining property tax for year 2012. Seller paid 10% property tax as 'investor mode' to IRAS for year 2012.
This condo will be for my own self stay. I heard 'occupier mode' is just to pay property tax to IRAS of 4% of property annual valuated rental.
My believe is property should be paid or refund via IRAS who really care if property is own-stay or for investment.
Is this seller doing the right thing?
Just bought a private condo, was asked by seller (via seller's legal) to pay for remaining property tax for year 2012. Seller paid 10% property tax as 'investor mode' to IRAS for year 2012.
This condo will be for my own self stay. I heard 'occupier mode' is just to pay property tax to IRAS of 4% of property annual valuated rental.
My believe is property should be paid or refund via IRAS who really care if property is own-stay or for investment.
Is this seller doing the right thing?