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Why property investors who avoid ABSD can risk losing more
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If there is an attempt to avoid paying the ABSD, such as using the “99-to-1” gambit, the Iras would be on alert.
PHOTO: ST FILE
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Taking on the taxman is ultimately a loser’s game given the agency’s wide-ranging power to strike down sham processes designed to escape paying levies.
The one-sided nature of the contest is especially evident in the case of property deals.
