Tuesday, June 25, 2024
HomecommentaryCommentary: Will higher property tax rates hurt investment returns in the residential...

Commentary: Will higher property tax rates hurt investment returns in the residential market?

The Ministry of Finance will increase the property tax rate with effect from Jan 1, 2024, as the second and final step of the revisions announced in the 2022 Budget. The Government also announced on Nov 30 that it will give a one-off tax rebate for owner-occupied homes to help homeowners offset this rise in taxes.

RELATED ARTICLES
- Advertisment -

Most Popular