Ya2, Sam kor sayang me as his mui mui

Some might do renovation le...i think Q1/Q2 can see ppl to start moving in. Q4 highly unlikely... Maybe got some...
TKJ, will u come to visit us next time?

Many many many many bros here alsp sayang u la. Not only bro Sam

But dunno what's the pricing like for EM + landed strata development, so maintenance fees

Sure2, u organise a house warming party, then invite us lo

True2, everybody sayang CY!

Yeah. We all love you!

Really no one willing buy my DSL ah?

I'm just wondering
2 scenarios :
1)Let's say ur mum's name is the co-owner together with your name.Both you and your mum still got the lifetime exemption. When u sell the propoerty and you want to use the lifetime exemption. So, IRB will take away BOTH you and your mum's lifetime exemption, right. So they is two chances waste instead of one.

2) Joint-name. But you already utilised your lifetime exemption, only left your mum's chance. Then, how will IRB consider this case ? Exemtpion under mum's name still valid but your name is still be taxable ? lol

IRB recognise 50-50 for joint name. Such, you will need to pay 15% and the other will need no to pay.

ok
Have to think and plan carefully to utilise the lifetime exemption. If the profit is less than 100k, i think is not worth to waste the chance.

You need to hard sell on this one. I am slightly believing the the bubble specialists. I have not much courage.

Oh..... I thought you are willing to offer 700k for a corner as you mentioned previously. Or you just trying the market also?

Answer to 1) : I need to put my mum as joint name as the loan is under my name. If i only put my mum name, it is very hard to get loan. I think with my mum name, i can safe 15% of RPGT by claim my mum life time exemption (in the case disposed in 3 years) and i can choose to pay balance 15% for my own part. I will only use my life time exemption on other property bought under my name to maximize the profit.


Answer to 2) : if I have used my life time exemption, I will need to pay 15% of RPGT.

If any of my explanation is not correct, taiko here please advise. Tks.

Jokes aside. I am trying for phase 2.

Thot u look for house in cbj no?

This post has been edited by shinebr8: Dec 19 2013, 08:07 AM

I am keeping my eye on both locations. This area suits my limited budget.

Jou san neighbours!

Good morning!! Crazily busy in the office for the year end. Unusual.