- Joined
- Jan 5, 2010
- Messages
- 2,096
- Points
- 83
All public housing (HDB) flats should NOT attract any property tax at all.
This is because it is like SUBSIDISED healthcare is 'exempt' from GST vz government grant ("GST ABSORBED BY THE GOVERNMENT").
Otherwise, how should Singapore recognise/ strengthen NS is NSmen pay exactly the SAME property tax as the foreigners who bullsh!t the government that their property is 'owner occupied' when they either keep it vacant as their holiday home or as investment property under their personal name (non corporate ownership) (just check their passports (of which some foreigners have a few): majority of these property investors do not spend more than a month in Singapore or even never at all (their lawyers handle the 'investment').
HDB is SUBSIDISED public housing, so per pax pro-rated property tax should be ABSORBED BY THE GOVERNMENT (just like police, fire, ambulance are 'FOC' services , costs absorbed by the government because they are a necessary public good).
Maybe one way to be fair to those who don't have enough $$$ to own HDB is to give out the pro-rated per pax average property tax as government grant like GST credits or GST waiver on hospital bills so that all Singaporeans receive the equavalent of the average property tax payable as property tax gift vouchers (the equavalent of GST vouchers); these vouchers can either be used to pay property tax of the property that the individual is staying in or else it will be deposited as CPF savings for medisave/ CPF special account savings.
Thus, if the person stays in a rented HDB flat, then the vouchers can offset his rental because his landlord can use them to pay property tax (same registered address only), likewise if the individual is a child or relative staying as a family unit in a residential property be it public or private.
For an example of a typical PUBLIC hospital bill where GST is covered by a government grant because it involved care in a public hospital ("GST ABSORBED BY THE GOVERNMENT"):
pict from: https://www.clearlysurely.com/blog/...e-died-and-left-me-struggling-with-the-bills/
At least when Singaporeans receive the property tax grant, they will be reminded that the country in which they served NS have recognized their contribution and will pay dividends for life by waiving their tax on the land they pledged teir life to defend but foreigners will not receive this benefit obviously.
Currently, both foreigners (regardless if they actually reside in Singapore) and Singaporeans pay the exact same property tax although only Singaporeans are called up to perform NS.
[Letter to Today] NS a duty, not a job — thus no ‘salary’: Mindef
This is because it is like SUBSIDISED healthcare is 'exempt' from GST vz government grant ("GST ABSORBED BY THE GOVERNMENT").
Otherwise, how should Singapore recognise/ strengthen NS is NSmen pay exactly the SAME property tax as the foreigners who bullsh!t the government that their property is 'owner occupied' when they either keep it vacant as their holiday home or as investment property under their personal name (non corporate ownership) (just check their passports (of which some foreigners have a few): majority of these property investors do not spend more than a month in Singapore or even never at all (their lawyers handle the 'investment').
HDB is SUBSIDISED public housing, so per pax pro-rated property tax should be ABSORBED BY THE GOVERNMENT (just like police, fire, ambulance are 'FOC' services , costs absorbed by the government because they are a necessary public good).
Maybe one way to be fair to those who don't have enough $$$ to own HDB is to give out the pro-rated per pax average property tax as government grant like GST credits or GST waiver on hospital bills so that all Singaporeans receive the equavalent of the average property tax payable as property tax gift vouchers (the equavalent of GST vouchers); these vouchers can either be used to pay property tax of the property that the individual is staying in or else it will be deposited as CPF savings for medisave/ CPF special account savings.
Thus, if the person stays in a rented HDB flat, then the vouchers can offset his rental because his landlord can use them to pay property tax (same registered address only), likewise if the individual is a child or relative staying as a family unit in a residential property be it public or private.
For an example of a typical PUBLIC hospital bill where GST is covered by a government grant because it involved care in a public hospital ("GST ABSORBED BY THE GOVERNMENT"):
At least when Singaporeans receive the property tax grant, they will be reminded that the country in which they served NS have recognized their contribution and will pay dividends for life by waiving their tax on the land they pledged teir life to defend but foreigners will not receive this benefit obviously.
Currently, both foreigners (regardless if they actually reside in Singapore) and Singaporeans pay the exact same property tax although only Singaporeans are called up to perform NS.
