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Just received the NAV from IRAS. All have up. :( Some are paying more property tax in 2014 to offset those in this article.
http://i332.photobucket.com/albums/m356/DC33_2008/PayLessTax2014Today_zpscce3e696.jpg (http://s332.photobucket.com/user/DC33_2008/media/PayLessTax2014Today_zpscce3e696.jpg.html)
Just received the NAV from IRAS. All have up. :( Some are paying more property tax in 2014 to offset those in this article.
http://i332.photobucket.com/albums/m356/DC33_2008/PayLessTax2014Today_zpscce3e696.jpg (http://s332.photobucket.com/user/DC33_2008/media/PayLessTax2014Today_zpscce3e696.jpg.html)
see open abit.. not everyone has the chance to give..
:)
It all depends on how much more you have to give year after year.
see open abit.. not everyone has the chance to give..
:)
It all depends on how much more you have to give year after year.
Understand.... One of the biggest mistake many home owners and investors make is they dont look at refinancing of the loans when the contract is up.... It really adds up if you look at it over > 10 years... hahahahaha
I meant the increase in property tax payment over the years. :)
Understand.... One of the biggest mistake many home owners and investors make is they dont look at refinancing of the loans when the contract is up.... It really adds up if you look at it over > 10 years... hahahahaha
The annual value for hdb is always under valued. A five room flat can rent out for 2.5k. Less furniture is 2.3k that would be 27k annual value. But I dont think they valued it at 27k. But for pte owner they will value very accurately. Fked up.
This is what I am unhappy with. It should be a fair and transparent assessment.
The annual value for hdb is always under valued. A five room flat can rent out for 2.5k. Less furniture is 2.3k that would be 27k annual value. But I dont think they valued it at 27k. But for pte owner they will value very accurately. Fked up.
DuaNehNehChioBu
28-11-13, 10:28
The annual value for hdb is always under valued. A five room flat can rent out for 2.5k. Less furniture is 2.3k that would be 27k annual value. But I dont think they valued it at 27k. But for pte owner they will value very accurately. Fked up.
Then you join GE 2016 and become a politician lah...Talk so much big CRAP :rolleyes:
thomastansb
28-11-13, 10:30
My condos are undervalued also actually. Citylights rented out 4.2k, AV only 36k. Sail - Can be rented out 4.5k, AV only 40k.
The annual value for hdb is always under valued. A five room flat can rent out for 2.5k. Less furniture is 2.3k that would be 27k annual value. But I dont think they valued it at 27k. But for pte owner they will value very accurately. Fked up.
Bro, SB rented out more than 4.8k and AV also 36k. Your rental agreement has two parts; Rental of unit and rental of furnishing. NAV only compute rental of unit. I have been asking my agent to split the ratio of 35% to 65% for furnishing and unit respectively. Another one at D1 also having NAV of 36k with a steep increase of more than 6k.
My condos are undervalued also actually. Citylights rented out 4.2k, AV only 36k. Sail - Can be rented out 4.5k, AV only 40k.
Someone has to pay for the social projects what. all the people kpkb say tax benefit the rich mah. so now tax the rich loh…
wait suddenly the many kpkbs one realized they are Rich.. LOL…..
The tax scheme benefits the HDB dewellers and the own stay. anything above EC will get marginal tax. but the bulk go to the luxury ones.. imagine 19% on a rented GCB.. ouch….
if the 30M unit at TP is rented out.. Cant imagine the Property tax.
Anyway to me this is a small CM by itself.. So MM price close to a EC or a 5bed room units are the best sweet spot lowest prop tax and overhead. Yield is better than the larger units.
Just received the NAV from IRAS. All have up. :( Some are paying more property tax in 2014 to offset those in this article.
http://i332.photobucket.com/albums/m356/DC33_2008/PayLessTax2014Today_zpscce3e696.jpg (http://s332.photobucket.com/user/DC33_2008/media/PayLessTax2014Today_zpscce3e696.jpg.html)
Should be happy mah.. means ur assets have appreciated!
An tax goes to nation building.. give u new highway and developing all the hubs so ur property will go up even more! look at it as investment bah.
Precisely lol, small tax and cost lah, dont miss the forest for the trees. would people rather see their investment pty value depreciates? :)
thomastansb
28-11-13, 17:12
People complaining resale hdb too ex. They want value to go down :doh:
Precisely lol, small tax and cost lah, dont miss the forest for the trees. would people rather see their investment pty value depreciates? :)
People complaining resale hdb too ex. They want value to go down :doh:
HDB is not private pty. HDB not meant for investment.
starrynight
30-11-13, 08:38
My AV stayed the same, but tax increased 5% because of the new formula. Not that bad.
Just received the NAV from IRAS. All have up. :( Some are paying more property tax in 2014 to offset those in this article.
http://i332.photobucket.com/albums/m356/DC33_2008/PayLessTax2014Today_zpscce3e696.jpg (http://s332.photobucket.com/user/DC33_2008/media/PayLessTax2014Today_zpscce3e696.jpg.html)
That is good news. :)
My AV stayed the same, but tax increased 5% because of the new formula. Not that bad.
auroraborealis
30-11-13, 10:16
So far saw...
D19 unchg
D12 unchg
D16 up 15%
in terms of property tax payable next yr
Landed property owners are going get hit the most.
Not true. You will only know if you own one. The landed owners can tell you. I pay more next year in percentage term for my condos.
Landed property owners are going get hit the most.
Landed property owners are going get hit the most.
not really. Own stay not much impact. unless u rent it out. Which goes with the fact Landed make poor rental yield.
better live in the landed. pass it down to next generation. the next generation can sell it later if they need the $$$
not really. Own stay not much impact. unless u rent it out. Which goes with the fact Landed make poor rental yield.
better live in the landed. pass it down to next generation. the next generation can sell it later if they need the $$$
the new tax rate is targeting at property with high NAV and most landed property owners will see their tax rate jump the most regardless if its owner occupied, vacant or rental because most landed property NAV will qualify for maximum tax rate. The same concept as income tax
GCB owners have no problem with such tax amount. Not forgetting large penthouses in Prime districts.:)
the new tax rate is targeting at property with high NAV and most landed property owners will see their tax rate jump the most regardless if its owner occupied, vacant or rental because most landed property NAV will qualify for maximum tax rate. The same concept as income tax
the new tax rate is targeting at property with high NAV and most landed property owners will see their tax rate jump the most regardless if its owner occupied, vacant or rental because most landed property NAV will qualify for maximum tax rate. The same concept as income tax
Thats inline with the people Cries of TAX the RICH mah. so I think its fair the better off pay their share of tax.
GCB owners have no problem with such tax amount. Not forgetting large penthouses in Prime districts.:)
GCB owners are pay 19% tax. on property tax though.
GCB owners have no problem with such tax amount. Not forgetting large penthouses in Prime districts.:)
whether one have problem or not is a different thing all together. what I am saying is that for landed property, due to the high NAV, they are going to see a huge jump, perhaps as much as double in their pty tax under the new formula.
Just got mine, 8% increase. Not bad.
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