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 Personal relief Income tax, legally, reduce income tax

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achcmy
post Apr 23 2008, 09:30 AM

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Hi TaxSingam,

I'm a professional who works as a contractor to a company. In my case, i'm a sole proprietor so I use B form. What ways can i use to reduce my tax payment legally? Would buying a house and a car fit the bill? If so, how many percent of the house and car worth will be accounted for? Please advice.

Thanks,
AC

 

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