I had my first tenant since 2002. For more than five years, I was renting out four condominium units at the same time. Over the years, like any multiple-property landlord, I signed tenancy agreements with dozens of tenants on both company and individual leases. I had tenants who were Japanese, Koreans, Europeans, Americans, Indians and Singaporeans.
Similarly, I encountered problems and issues like any other landlord, including bad tenants, dishonest agents, low rental, frequent repairs, late payment, etc. After being an owner in Singapore for longer than a decade, I thought I could call myself an experienced one.
Well, not until I attended the Smart Landlords vs Smart Tenants Education Seminar with 140 participants last Saturday.
You mean I will be taxed?
Between 2002 and 2004, I was snapping up properties in a buyer’s market, completely unaware of all the tax implications. I always think that capital gain tax charged ......