不是income tax,see details insideGovt is proposing clarity to income tax law- anyone who sells more than 2
properties within 4 years may be taxed on gains from second sale onwards.
This will quell speculation and will take effect Jan 2010 if made into law.
Impact on developers- negative as it could spur a flurry of sales amongst
speculators before law kicks in. Here below is the article from ST.
July 8, 2009
When to tax property gains
A PROPOSED change to income tax laws will make clearer to property sellers
when they will be taxed on their profits.
Anyone who sells only one property in any four-year period will not be taxed
on his profit, according to a proposed amendment to the Income Tax Act.
But if he sells another property within four years of the first sale, the
profit from the second sale may be taxable.
If the proposal becomes law, it will provide certainty for owners who now
cannot be sure if the taxman will come calling after they sell.
Under existing rules, an individual does not pay tax on (more...)
不就是income tax law吗?昨天从头看到尾了。就是不知道要收多少
字面上说是原来炒楼的就可能被认做是trader,income tax就要对此收入收税,但是没有明确的条文说是怎样会被认做炒楼。现在是说四年内卖的第一套一定不收income tax,卖了超过一套就和原来的处理一样,也就是说要收income tax。就是不知道capital gain到底是算做卖的那年的收入还是平分到持有的几年。就算是都算做卖出的那年的收入,chargeable income 最高那档是320k以上,收20%,和中国有的城市有段时间收40%capital gain不能比啊,当然总比不收强。我当然希望不要象现在这样疯涨,六月一直在看二手私宅不停的涨啊