Singapore’s move to double property taxes for foreigners signals that policy makers are growing more cognizant of surging money inflows from wealthy Chinese, even though the higher rates are unlikely to cool home prices.
In new measures announced Thursday, foreigners will pay 60% tax on any residential purchase, while the rate for using an entity or a trust was raised to 65%, preventing any circumvention of the rules. Permanent residents and citizens buying their second residential property will also pay more. The additional buyer’s stamp duty, or ABSD, comes on top of a multi-tiered existing tax that all homebuyers pay.
Bloomberg
รัฐบาลไทยบอก มาเลยจ้า จีนขาว จีนเทา มาให้เยอะๆ ช่วยกระตุ้นการบริโภคจ้าาาาาาาา
$€£¥ Singapore Takes Aim at Rich Chinese With 60% Property Tax...ข่าวนี้ข่าวดีของอสังหาไทยครับ
In new measures announced Thursday, foreigners will pay 60% tax on any residential purchase, while the rate for using an entity or a trust was raised to 65%, preventing any circumvention of the rules. Permanent residents and citizens buying their second residential property will also pay more. The additional buyer’s stamp duty, or ABSD, comes on top of a multi-tiered existing tax that all homebuyers pay.
Bloomberg
รัฐบาลไทยบอก มาเลยจ้า จีนขาว จีนเทา มาให้เยอะๆ ช่วยกระตุ้นการบริโภคจ้าาาาาาาา