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Thread: Agent's commission deductible?

  1. #1
    Join Date
    Dec 2012
    Posts
    9

    Default Agent's commission deductible?

    Hello everyone, I am filling rental income with the taxman for the first time. Is agent's commission counted as expenses? Checked IRAS website and it says something like agent's commission to secure first tenant not counted as part of expenses. I am a bit confused!!!! Can someone please help? Thank you

  2. #2
    Join Date
    Aug 2009
    Posts
    3,943

    Default

    Quote Originally Posted by ShadowFax
    Hello everyone, I am filling rental income with the taxman for the first time. Is agent's commission counted as expenses? Checked IRAS website and it says something like agent's commission to secure first tenant not counted as part of expenses. I am a bit confused!!!! Can someone please help? Thank you
    Yes
    First commission for the first property is not tax deductible as it incur before the generation of income

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