Chitchat 38 Oxley Road Pte Ltd - what is the purpose?

[Caterpillar]

May I ask forum members here what is the purpose of incorporating a company like this for the transaction? Kindly enlighten.

 

[nayr69sg]

Taxes. Corporate vs income tax.

 

[hairylee]

They are hiding a lot of stink if no one question this stink in parliament they would have gotten away with it and in future this stink surfaces they would legitimises it by saying it was regorously debated in parliament. Typical LKY tactics.

 

[frenchbriefs]

companies can be sold and transferred for 2 dollars.

 

[virus]

May I ask forum members here what is the purpose of incorporating a company like this for the transaction? Kindly enlighten.

A 24 hour massage parlour with speical services
Gay bar,
Money laundering for my friend fatty kim n his nemesis orange sex predator
Import holyee water from venice to sell to churches,
Singing platform for whorejinx to b the next american idle,
Budget hotel to do quickies
Cafe with syt or MLIF in wheelchair n lingeries
Sex chat operations
Fuck shop to replace petain lane

 

[iluvgst]

This is to avoid stamp duty like absd and ssd for the elites. U mere mortals have to pay absd and ssd.

 

[Papsmearer]

This is to avoid stamp duty like absd and ssd for the elites. U mere mortals have to pay absd and ssd.

Not really. The house has to be transferred first to 38 Oxley Road Private ltd, then the shares in the company can be sold to whomever for nominal sum or otherwise. But the moment the house is transferred in ownership by LHY or whoever owns it, to the company, the stamp duties will be levied. So cannot escape it.

 

[Papsmearer]

May I ask forum members here what is the purpose of incorporating a company like this for the transaction? Kindly enlighten.

There was talk about redeveloping the house. The setting up of the ltd company might have been done to carry this out. One version of the events was that the house was to be torn down, then the land was to be redeveloped, and then sold off to developers for a bigger profit and the money be given to charity. U need a company to do all this.

 

[mojito]

To screw Yang, that's what it all about.

 

[Froggy]

To screw Yang, that's what it all about.

Following what you say I can't help to think a brother sold something to his own brother at 50% above market value, this I cannot understand. LHL kept saying he so sad LHY and LWL turned against him however his action to mark up 50% is not very brotherly, no?

 

[Froggy]

There was talk about redeveloping the house. The setting up of the ltd company might have been done to carry this out. One version of the events was that the house was to be torn down, then the land was to be redeveloped, and then sold off to developers for a bigger profit and the money be given to charity. U need a company to do all this.

If this is LHL's intention then surely he is for demolishing the property isn't it so what the quarrel about?

 

[frenchbriefs]

A 24 hour massage parlour with speical services
Gay bar,
Money laundering for my friend fatty kim n his nemesis orange sex predator
Import holyee water from venice to sell to churches,
Singing platform for whorejinx to b the next american idle,
Budget hotel to do quickies
Cafe with syt or MLIF in wheelchair n lingeries
Sex chat operations
Fuck shop to replace petain lane

precisely,if u incorporate a residential home into a company its no longer a housing entity,it can be a place of business,a corporate entity anything.LKY's titty bar.Oxley rd fertility clinic for graduate mothers.