HWZ Forums

Login Register FAQ Mark Forums Read

Tax suggestion: impose capital gains tax on HDB gains when PR sells HDB

Like Tree5Likes
Reply
 
LinkBack Thread Tools
Old 14-02-2018, 07:36 AM   #31
Senior Member
 
Join Date: Jan 2018
Posts: 2,388
阿狗,
If the purpose is for ‘residential’ .
Tax all , more on foreigners but less local if so :
I am sure you are not one of these .

https://www.edgeprop.sg/property-new...r-hdb-hotspots


Last edited by Mergui219067; 14-02-2018 at 07:56 AM..
Mergui219067 is offline   Reply With Quote
Old 14-02-2018, 07:46 AM   #32
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 18,657
Ban PRs from buying HDB!
Impose hefty tax if they sell HDB!
__________________
十余载苦功,终于日有所成,喜哉哀哉?

Last edited by yyhwin; 14-02-2018 at 07:55 AM..
yyhwin is online now   Reply With Quote
Old 14-02-2018, 08:00 AM   #33
Senior Member
 
Join Date: Jan 2018
Posts: 2,388
HDB flats would have minimal resale value / drop even more & private rises.
自己害自己 .

Private property index has almost returned to recent peak & HDB index in downhill.

Ban PRs from buying HDB!
Impose hefty tax if they sell HDB!
Mergui219067 is offline   Reply With Quote
Old 14-02-2018, 08:02 AM   #34
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 18,657
Hdb is citizenship entitlement. Simple.

HDB flats would have minimal resale value / drop even more & private rises.
自己害自己 .

Private property index has almost returned to recent peak & HDB index in downhill.

__________________
十余载苦功,终于日有所成,喜哉哀哉?
yyhwin is online now   Reply With Quote
Old 14-02-2018, 08:57 AM   #35
Supremacy Member
 
ExtremeWays's Avatar
 
Join Date: Mar 2017
Posts: 6,482
People like yyhwin don't need serve NS....
ExtremeWays is offline   Reply With Quote
Old 14-02-2018, 09:02 AM   #36
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 18,657
That's why I support ban PR from owning HDB and impose hefty tax on them if they sell.

People like yyhwin don't need serve NS....
__________________
十余载苦功,终于日有所成,喜哉哀哉?
yyhwin is online now   Reply With Quote
Old 14-02-2018, 09:46 AM   #37
Supremacy Member
 
Join Date: Mar 2004
Posts: 9,144
I recommend expanding your recommendation to taxing both Sinkies and PR when they sell their flat or withdraw from their CPF.

All these will be treated as income and taxed at a maximum rate of 22%.

Sent from . using GAGT
Capital gain tax on hdb for sinkies? Nay.

But I strongly feel that net proceeds from sale of hdb flat should wholly returned to cpf, if cpf was used and prorated if part cash was used, just like cpf used for investments.
henrylbh is online now   Reply With Quote
Old 14-02-2018, 10:30 AM   #38
Master Member
 
Join Date: Jun 2010
Posts: 3,946
But I strongly feel that net proceeds from sale of hdb flat should wholly returned to cpf, if cpf was used and prorated if part cash was used, just like cpf used for investments.
That's already how it works, isn't it?
BBCWatcher is offline   Reply With Quote
Old 14-02-2018, 10:49 AM   #39
Supremacy Member
 
Join Date: Mar 2004
Posts: 9,144
That's already how it works, isn't it?
No. Currently only cpf with accrued interest is returned.
henrylbh is online now   Reply With Quote
Old 14-02-2018, 11:26 AM   #40
Master Member
 
Join Date: Jun 2010
Posts: 3,946
No. Currently only cpf with accrued interest is returned.
So what's the distinction you're trying to draw? Are you suggesting that all the net proceeds from the sale go into CPF (if no cash was used to buy the unit), inclusive of any gains? If that's what you're suggesting, why would that idea be a good one?
BBCWatcher is offline   Reply With Quote
Old 14-02-2018, 11:31 AM   #41
Supremacy Member
 
Join Date: Mar 2004
Posts: 9,144
So what's the distinction you're trying to draw? Are you suggesting that all the net proceeds from the sale go into CPF (if no cash was used to buy the unit), inclusive of any gains? If that's what you're suggesting, why would that idea be a good one?
I am saying the whole net proceed should go back to cpf. Never said it's a good idea. Definitely not a palatable idea to many.
henrylbh is online now   Reply With Quote
Old 14-02-2018, 11:33 AM   #42
Master Member
 
Join Date: Jun 2010
Posts: 3,946
I am saying the whole net proceed should go back to cpf. Never said it's a good idea.
If it's not a good idea, then why even suggest it?
BBCWatcher is offline   Reply With Quote
Old 14-02-2018, 03:35 PM   #43
High Supremacy Member
 
crimsontactics's Avatar
 
Join Date: Nov 2009
Posts: 38,417
Capital gain tax on hdb for sinkies? Nay.

But I strongly feel that net proceeds from sale of hdb flat should wholly returned to cpf, if cpf was used and prorated if part cash was used, just like cpf used for investments.
You don't love your country?

Sent from . using GAGT
crimsontactics is offline   Reply With Quote
Old 14-02-2018, 03:40 PM   #44
Supremacy Member
 
Join Date: Mar 2004
Posts: 9,144
If it's not a good idea, then why even suggest it?
You think it's not a good idea, I follow you To me, it's not a palatable idea.

Go figure out all the good and bad ideas of returning all proceeds to cpf on a broader perspective.
henrylbh is online now   Reply With Quote
Old 14-02-2018, 05:00 PM   #45
Member
 
Join Date: Mar 2017
Posts: 200
Capital gain tax on hdb for sinkies? Nay.

But I strongly feel that net proceeds from sale of hdb flat should wholly returned to cpf, if cpf was used and prorated if part cash was used, just like cpf used for investments.
This one will penalty Singaporean deep deep and let PR escape as they can withdrawn all CPF and go home.
Toni90 is online now   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On