Just checking if the taxman has every questioned anyone here for paying full for a condo.
Just checking if the taxman has every questioned anyone here for paying full for a condo.
No, not me....Originally Posted by Regulators
I was thinking of buying my next condo n pay in full, but someone told me to be careful of the taxman, not sure whether there is any truth coz I dont want to waste my time drinking kopi with moses lee.
Nope, not for me too
Other than Chin/Indon man carrying suitcases of god-know-where-it-comes-from money, I don't see why you should buy by using full cash ... zero leverage what is the point? Then you better just buy into Chip Eng Seng (oops too late share price up 15% liao)
Ride at your own risk !!!
there will come to a point in your life life when you see no point paying the bank $1k plus interest a month.Originally Posted by phantom_opera
only make sense for own stay lohOriginally Posted by Regulators
Ride at your own risk !!!
Same If you collect rental income for retirement. I retiring soon in a few years so minimising my debt.Originally Posted by phantom_opera
Last edited by Regulators; 10-09-12 at 21:07.