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9 Low-cost Methods To Retain Tenants During Covid-19

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Lim Chin Beng
Lim Chin Beng
4 years ago

Hi Ryan,

Thanks for the article. I am attracted by the suggestion of paying utilities bills for the tenant and that enables the landlord to claim tax deduction from the IRAS.

Is this customarily allowable for tax deduction by the IRAS? I have got a long discussion with the IRAS on one similar item and IRAS has not agreed with me for tax deduction. That was: when I rented out my apartment, the tenant requested to rent it without my furniture, hence I had to store my furniture at a warehouse and incurred storage expense. I submitted storage expense for tax deduction against the rental income, but the IRAS refused to agree with it.

What is your view on my encounter? Can let me know? Thank you.

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