Flexible policy needed in allowing elderly to downgrade
What elderly flat buyers need is a waiver of the resale levy on their new flats ("Pay less cash upfront for small BTO flats"; last Thursday). Currently, if flat owners wish to downsize, they have to pay a resale levy of $40,000 if they have a four-room flat, or $45,000 if they have a five-room flat. This is not a small amount...
Think of CPF as tax
Many people have pointed out that migrating to western countries will make you liable to high taxes. 40-50% tax or higher are often told to us to make our decisions more prudent. Singapore has low personal tax. Most of us pay about 7% personal income tax. But lest we forget, when HDB used to be tax free, it is now taxed. HDB...
Wrong for WP to proceed with CNY fair without permit
Workers Party Chairman Sylvia Lim with lawyers Peter Low (centre) and Terrence Tan (right). AHPETC is contesting a summons from NEA for organising a Chinese New Year fair without a permit. (Photo: Today) I am a die-hard opposition supporter. I know I will get a lot of thumbs downs, but I am brave enough to write in TR Emeritus...
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