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Iras told to relook property tax rules
Sat, Nov 08, 2008
The Straits Times

By K. C. Vijayan, Law Correspondent

A DISPUTE over one man's property tax which went all the way to the Court of Appeal has resulted in the tax authorities being asked to relook the rules - a move which could affect thousands of strata-titled private properties such as condominiums and malls.

The Court has ruled that sinking fund contributions should form part of the calculation of how much tax is due on a property - but only if the fund has been used that year for repairs or maintenance on the estate.

For now, sinking fund contributions have been factored every year into the overall value of a property.


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Iras told to relook property tax rules
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