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Iras

Woman wants to sell young son’s $2m condo but can’t show it’s for his benefit

The High Court disallowed a woman from selling a property that is held on trust for her young son as she could not convince the judge that the sale was for his benefit.
The High Court disallowed a woman from selling a property that is held on trust for her young son as she could not convince the judge that the sale was for his benefit.

One-off property tax rebate in 2026 for owner-occupied HDB and private homes

Owner-occupied private residential properties will also get a rebate of 10 per cent, capped at $500.
Owner-occupied private residential properties will also get a rebate of 10 per cent, capped at $500.

Firm director who filed fraudulent tax claims of over $1.4m jailed, ordered to pay $1.9m penalties

On Oct 28, Tan Kian Peng, was sentenced to 10 months and 74 weeks’ jail, fined $1,000 and ordered by the court to pay more than $1.9m in penalties.
On Oct 28, Tan Kian Peng, was sentenced to 10 months and 74 weeks’ jail, fined $1,000 and ordered by the court to pay more than $1.9m in penalties.

More than 300,000 companies in Singapore must file taxes by Nov 30 or face fines

Iras will offer support to over 37,000 businesses that will be filing corporate income taxes for the first time.
Iras will offer support to over 37,000 businesses that will be filing corporate income taxes for the first time.

Tax refund e-mails are scams, warns Iras

Iras said that it has received reports of scam e-mails with the subject “Refund Ticket”, which target individual taxpayers.
Iras said that it has received reports of scam e-mails with the subject “Refund Ticket”, which target individual taxpayers.

Singapore tax revenue rises 10.7% to $88.9 billion amid strong economic growth, consumer spending

In the financial year from April 2024 to March 2025, the Inland Revenue Authority of Singapore (Iras) collected a total of $88.9 billion.
In the financial year from April 2024 to March 2025, the Inland Revenue Authority of Singapore (Iras) collected a total of $88.9 billion.

Using secret family deals to avoid taxes can exact a heavy price

The law always has a way to make those use sham property deals to pay a heavy price, such as losing the right to the real estate.
The law always has a way to make those use sham property deals to pay a heavy price, such as losing the right to the real estate.

Decoupling to save on tax? You may lose right to property if ties go awry

The High Court has found that property decoupling is not without pitfalls, and that owners who do so can run foul of the tax law if they are not upfront with their arrangements.
The High Court has found that property decoupling is not without pitfalls, and that owners who do so can run foul of the tax law if they are not upfront with their arrangements.

Property ‘decoupling’ illegal if done solely to avoid taxes: Singapore High Court

While buyers are free to hold their stakes in a 99-to-1 arrangement, the transaction could be illegal if the decoupling was undertaken to avoid paying more tax.

(ST PHOTO: LIM YAOHUI)
While buyers are free to hold their stakes in a 99-to-1 arrangement, the transaction could be illegal if the decoupling was undertaken to avoid paying more tax.

(ST PHOTO: LIM YAOHUI)

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.