Matthew Cridland
On September 14, 2023, the Department of Finance Canada issued anews release(the “News Release”) regarding proposed legislation to be enacted in order to enhance the existing GST New Residential Rental Property (“NRRP”) rebate on certain new purpose-built rental property. The proposed...
Singapore Real Estate Property Tax The tax is imposed on owners of land and buildings in Singapore. The 0%-20% tax rate is imposed on the assessable value of the property. The rates for private residential property are : Non owner property-10%-20%. Owner property- 0%-16%. Singapore...
The sale of residential units of the project is not a sale of immovable property but a sale of services and GST is subject to be levied. Once, the GDA rejects the Completion Certificate to the applicant, the Completion Certificate cannot be stated to be considered approved, Uttar ...
Next, you will get an ARN (Application Reference Number) on your mobile or email. Note this down and fill out the Part-B Application Form for GSTIN. 4. Furnish Documents Attach the documents as requested, which include proof of business, bank statements, residential proof, PAN Card, certifi...
GST includes real and personal property Thefederal tax of Canada is the GST, which applies to almost all goods and services within the country. This tax is managed by the Canada Revenue Agency and results in a 5 percent charge on supplies purchased in Canada unless they are zero-rated or ...
“Effective rate of GST payable on the purchase of under-construction residential or commercial properties from builder involving the transfer of an interest in land or individual share of land to the buyer is 12% with full input tax credit (ITC)”, said CBEC. If you have opted property ...
at various times at a consideration based on its outstanding balance. The bank took possession of the building in the year it was completed and the lessor claimed deductions on depreciation, interest on construction loan, expenses related to sale and lease back and accrued the rent from the ...
Any additional revenue collected from GST can lower personal, corporate, and property income tax rates. For more details, please go through thee-tax guideprovided by IRAS. Informing customers of price increases If you’re using the transition to the new tax rate to also increase the prices or...
In Tamil Nadu, renting out either residential or commercial properties involves a verified rental agreement that is duly registered under the prevailing legal provisions. Know More Demat Shares of a Private Limited Company A private limited company is an organisation carried on by a small group of...