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How The Rich Gets Richer in Singapore

Dr Christopher Cheok C S

Dr Christopher Cheok C S

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Method 1: Rent property for own stay under their company's name

  • Rent property for own stay under their company's name (claiming it for staff benefit or home-office).
  • Rental is a tax-deductible expense for their company.
  • Then rent out their own residential property and rental income is filed as spouse's income.

It is wrong, but IRAS don't really enforce.
 
If rich get poorer, mean u better run for the hill
Like HK n Tiongkok now
 
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