Monthly Archives - December 2019

Real Estate GST for Company Owners

With the exception of residential properties, the sale and lease of all properties in Singapore are subject to GST. Anyone buying a commercial property will be required to pay the 7% GST on the purchase price. However, if the individual is the owner of a registered company, the GST amount paid on the purchase of a commercial property may be claimed back, as long as guidelines set out by the Inland Revenue Authority of Singapore (IRAS) are fulfilled.According [...]

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