Land and buildings An exemption from transfer duty applies if VAT is paid on a transaction involving the sale or transfer of land and buildings. Transfer of residential property is not subject to VAT. Transfer duty paid can be claimed as input tax (subject to normal input tax rules). ...
Most local sales would fall under this category.E.g. sale of TV set in a Singapore retail shopExport of goods e.g. sale of laptop to overseas customer. The laptop is shipped to an overseas address by the supplierSale and rental of unfurnished residential property ...
Land and buildings An exemption from transfer duty applies if VAT is paid on a transaction involving the sale or transfer of land and buildings. The transferring of residential property is not subject to VAT. Transfer duty paid can be claimed as input tax (subject to normal input tax rules)...