On Friday, CapitaLand Mall reported a large jump in net property income after it increased rents at its malls.
Yet in this letter, this businessman complained that Iras is out of touch with reality. He is not doing well but instead of upskilling, reskilling, himself he blames the authorities for doing their job.
http://www.todayonline.com/voices/i...tails-how-it-assesses-annual-value-properties
Recently, the Inland Revenue Authority of Singapore (Iras) increased the annual value of my commercial property, in spite of the depressing slowdown in our economy and gloom in the property market, with declining rental yields.
I wonder if Iras is in tune with the present reality.
When the economy and property market are doing well, it follows that the annual value of properties should go up. But when the economy and property market are not, it is hardly an opportune time to burden taxpayers with higher taxes.
Yet in this letter, this businessman complained that Iras is out of touch with reality. He is not doing well but instead of upskilling, reskilling, himself he blames the authorities for doing their job.
http://www.todayonline.com/voices/i...tails-how-it-assesses-annual-value-properties
Recently, the Inland Revenue Authority of Singapore (Iras) increased the annual value of my commercial property, in spite of the depressing slowdown in our economy and gloom in the property market, with declining rental yields.
I wonder if Iras is in tune with the present reality.
When the economy and property market are doing well, it follows that the annual value of properties should go up. But when the economy and property market are not, it is hardly an opportune time to burden taxpayers with higher taxes.
