30s-50s chitchat club

highsulphur

highsulphur

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harbinger255 said:
By right no

All properties are under a company/trust and she is employee.. ?

Else parents transfer all properties to her name then so she is rental collector in IRAS eyes?

If not then parents say unofficially pass her all the rentals, IRAS no need her to pay income tax mah.... or she get rental, feel like should pay parents the income tax accrued from said rentals... but her parents still working, income tax should be entirely different bracket...

She never really explained her situation before I think.... :s13:
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My head hurts reading this
 
Milo-Dino

Milo-Dino

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harbinger255 said:
By right no

All properties are under a company/trust and she is employee.. ?

Else parents transfer all properties to her name then so she is rental collector in IRAS eyes?

If not then parents say unofficially pass her all the rentals, IRAS no need her to pay income tax mah.... or she get rental, feel like should pay parents the income tax accrued from said rentals... but her parents still working, income tax should be entirely different bracket...

She never really explained her situation before I think.... :s13:
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Maybe her earlier employment under govt is really high pay lor...
 
SongManKranji

SongManKranji

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harbinger255 said:
Stop eyeing my cai png money!!!
avatar_vijay.png
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Talking about cai png. I noticed these days sibei ex dah. 😅🤣



Life is v short. Ai song song kao tuas & Changi.
 
Milo-Dino

Milo-Dino

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LingTan98 said:
There were some subletting agreements signed, I'm not sure if I should share further. My mum said that she will figure it out for me and asked me to send her all the invoices for maintenance for all the units involved.
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U handle as sole proprietor? Then you should record and book all those business expenses to offset your income tax.
 
SongManKranji

SongManKranji

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Milo-Dino said:
Got good parts la... The sports bet got show bet and payout together at the summary. No need press in one by one
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oh ya noticed that. I seldom review my bets, just see payout, hopefully wu 7 figures. :flash: :flash:
I got 1 old andriod phone, whenever I load apk "U hv a problem in parsing" wtf. Means can throw hp to dogs :flash: :flash:
 
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