{"id":1250,"date":"2019-07-12T18:18:37","date_gmt":"2019-07-12T10:18:37","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1250"},"modified":"2020-01-16T18:36:11","modified_gmt":"2020-01-16T10:36:11","slug":"iras-update-e-tax-guide-on-gst-guide-for-property-owners-and-property-holding-companies","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/07\/12\/iras-update-e-tax-guide-on-gst-guide-for-property-owners-and-property-holding-companies\/","title":{"rendered":"IRAS update e-Tax Guide on GST: Guide for Property Owners and Property Holding Companies"},"content":{"rendered":"\n<p>On or about 12 July 2019, the Inland Revenue Board of Singapore (IRAS) has published the fourth edition of the e-Tax Guide on  GST: Guide for Property Owners and Property Holding Companies.  It replaces the third edition published on 1 January 2018.<\/p>\n\n\n\n<p> In this fourth edition, the following revisions were made:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Amended paragraph 8.3 on leasing business<\/li><li>New paragraph 8.4 on leasing business<\/li><li>Inserted Example 3 on furnished residential property<\/li><li>Amended paragraph 8.25 on furnished residential property<\/li><li>Amended Example 5 on serviced apartment<\/li><li>Other editorial changes<\/li><\/ul>\n\n\n\n<p>The update amends the information regarding GST on letting of property. It  now states that along with the business tests, sole-proprietors and  partnerships are also considered as a leasing business, if they create  three or more leases from the properties owned. It does not matter  whether the leases relate to residential or non-residential property.<\/p>\n\n\n\n<p>A sole-proprietor or partnership has to charge and account for GST on the  rental of the furniture and fittings of the furnished unit, if it is regarded as carrying on a leasing business and is GST registered for the lease of residential properties.<\/p>\n\n\n\n<p>Source: IRAS website, 12 July 2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 12 July 2019, the Inland Revenue Board of Singapore (IRAS) has published the fourth edition of the e-Tax Guide on GST: Guide for Property Owners and Property Holding Companies. It replaces the third edition published on 1 January 2018. In this fourth edition, the following revisions were made: Amended paragraph 8.3 on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,6],"tags":[],"class_list":["post-1250","post","type-post","status-publish","format-standard","hentry","category-gst","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1250"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1250\/revisions"}],"predecessor-version":[{"id":1251,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1250\/revisions\/1251"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1250"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}