Annual Value News Today

The increase in Per Capita Household Income threshold and Annual Value threshold for legal aid schemes are to take into account rises in household income and property value in recent years.

About two million Singaporeans will receive payouts in February 2024 as part of the government's Assurance Package (AP). Are you eligible?

So, you've heard about the GST Voucher, and you're thinking, "Sweet! Some extra cash could do wonders." But let's be real — most of us are clueless about how much we're getting and when the government is sliding that money into our wallets. Eligibility? Don't even get us started. In a world where just staying alive is getting pricier, we're...

Everything is going up in price, so it comes as little surprise that property taxes are too. Rising Annual Value (AV) will apply to most homes across the board; but it’s the higher-end properties that will see the biggest impact. It may also bear consequences for tenants, as landlords may pass down the costs. Here are the possible consequences ahead:...

During the Budget 2023 statement in February this year, Deputy Prime Minister Lawrence Wong announced a suite of support measures to allay inflation concerns. He said that these measures were to help Singaporeans tide through this period of higher inflation and cushion the impact of the new GST rates. "On average, for lower-income households, the enhancements will fully cover the...

Income earned from renting residential property is taxed under the head Income from House Property under Income Tax Act and is subject to tax based on the gross annual value

TAT Technologies Announces Certain Amendments to the Proxy Statement for its Annual and Special General Shareholders Meeting Scheduled for July 13, 2023 ...

If someone has more than two house properties and the additional properties are vacant, then the provisions of deemed rental will apply on those additional vacant properties. Read on to find out how this deemed rent is calculated and what are the things you should know.

According to the Income Tax Act, 1961 a homeowner can show in his/her income tax return (ITR) up to two houses as self-occupied. Read below to find out how is income from self-occupied house properties calculated.

If an individual owns the house property, then it may happen that he/she has some income from that property. However, not many people understand the correct way of calculating income from house property for ITR filing purpose. Here is how an individual can calculate income from house property for ITR filing this year.