Misc100 2 Report post Posted May 27, 2010 Can claim tax rebate for renovation of house for purpose of rental? I vaguely remember there is such a clause to claim. Anyone know? Share this post Link to post Share on other sites
forgotten 1 Report post Posted May 28, 2010 Can claim tax rebate for renovation of house for purpose of rental? I vaguely remember there is such a clause to claim. Anyone know? I read somewhere on IRAS site that you can claim rebate for the furnitures that are used for the rental. But it doesn't state that renovation cost can be claimed as rebate. Share this post Link to post Share on other sites
Newie-X 1 Report post Posted May 28, 2010 I read somewhere on IRAS site that you can claim rebate for the furnitures that are used for the rental. But it doesn't state that renovation cost can be claimed as rebate. interesting...even if the furniture are bought 10 yrs ago? Share this post Link to post Share on other sites
ngunadi 2 Report post Posted May 28, 2010 I called to check whether can claim the reno cost. The answer is NO I read somewhere on IRAS site that you can claim rebate for the furnitures that are used for the rental. But it doesn't state that renovation cost can be claimed as rebate. Share this post Link to post Share on other sites
Plastic3 0 Report post Posted May 29, 2010 Renovation prior to renting out cannot claim. After renting out, can claim renovation costs only for restoring to original condition. Share this post Link to post Share on other sites
forgotten 1 Report post Posted May 29, 2010 (edited) interesting...even if the furniture are bought 10 yrs ago? One will need up-to-date receipts for the furniture claims. IRAS randomly calls people up to check on their claims one. Edited May 29, 2010 by forgotten Share this post Link to post Share on other sites
bepgof 20 Report post Posted May 29, 2010 (edited) Aiyo, forget about all these lah, very marginal. Actually for personal income tax, anything which is "in the production of revenue" is claimable. However, IRAS is at "upper hand" who has discretion to decide which "is not in the production of revenue", and can hold "over-charge" amount for a year and "credit" back to a year or so later. This is bad about Giro, deduct first & tell you later. Wait till one day get fed up & will get a lawyer to fight back for the interest, & blow the issue big. IRAS is ruining its image without realising! Some other gov agencies also quite similar - read newspaper. Great man like Albert Einstein who also could not understand the concept of "income tax" and many others taxes, not to mention layman like you & me, just know to pay & pay. Edited May 29, 2010 by bepgof Share this post Link to post Share on other sites
