Tax rule on property traders lacks clarity
I have been investing my savings in residential properties, earning rental income and making capital gains, thanks to a buoyant property market. Last year, I was shocked to find that the Inland Revenue Authority of Singapore (Iras) had taxed my capital gains from my property investments as far back as 2006. I was under the impression that capital gains from real estate investments in Singapore are tax-exempt.
http://www.straitstimes.com/premium/...arity-20140218
What do u feel about comment that "Landlords like Mr Yeo has a very comfortable existence while contributing almost no value to society. A sweeper sweeps the floor, a mechanic fixes equipments, an accountant make sure our financial system is sound. While a landlord basically taxes another person work, value adding ZERO."?