Personal Relief for Personal Computer – New Definition

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It is important for taxpayers to take note that with effect from the Year of Assessment (YA) 2013, there will be a new definition of ‘personal computer’ for the purpose Continue Reading →

Real Property Gains Tax 101

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While property investors focus on how to maximize their claims for deduction against the rental income derived from their investment properties, many neglect to keep track of their allowable deductions Continue Reading →

Expenses Relating To Rental Of Real Property (Pt. 2)

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Having touched on the tax-deductible expenses, it is also important to know what expenses are NOT ALLOWABLE. Typically, initial expense is not allowed a deduction from income of letting of Continue Reading →

Expenses Relating To Rental Of Real Property (Pt. 1)

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The biggest grouse that a property owner has comes tax submission season will be the amount of taxes that he has to pay on his property rental income. He will Continue Reading →

The Importance of Record-Keeping: The Tax Perspective

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Continuation from: The Importance of Record-Keeping to Your Business Undoubtedly, another important function of records which is important to every business owner is to keep track of the tax deductible Continue Reading →

The Importance Of Record-Keeping To Your Business

“Oh dear, that time of the year is almost here”, my friend lamented. “That time of the year? You mean Christmas?”, I asked. “No lah!, I mean the tax filing Continue Reading →