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Wealth taxes should be directed at investment properties: Grant Thornton

    Claudia Tan HS

    Published Sun, Jan 23, 2022 · 09:50 PM

    Singapore

    WEALTH taxes should be directed at investment properties given that it is easy to collect and can be used as a mechanism to stabilise property prices for Singaporeans, says professional services firm Grant Thornton.

    Outlining its recommendations for the Singapore Budget 2022 - which is scheduled to be announced on Feb 18 - the accounting and advisory firm proposed a combination of real property gains tax for residential property and a deemed rental income tax for vacant residential property.

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