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 How to get property without alerting tax ppl

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TSIcona Pop
post Feb 17 2017, 11:53 AM, updated 9y ago

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Any sifus can help? recently a customer asked me like how to get a piece of property around 600k without arousing the tax guys. I think his personal tax doesnt declare much? hmm.gif
lucifah
post Feb 17 2017, 11:56 AM

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LoL... good luck la if he under declare or did not declare his income

property u need to pay stamp duties or something to the govt, and the amount reflects the prop price
alextan99
post Feb 17 2017, 11:56 AM

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there's no running away from tax man if his income cannot support the purchase

I would suggest that he get some of his working family members or friends to co sign the loan then it will not be so suspicious
shaniandras2787
post Feb 17 2017, 01:55 PM

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QUOTE(Icona Pop @ Feb 17 2017, 11:53 AM)
Any sifus can help? recently a customer asked me like how to get a piece of property around 600k without arousing the tax guys. I think his personal tax doesnt declare much? hmm.gif
*
laugh.gif why you want to "arouse" the tax guys XD the term you used very erotic -.-

anyway, there's no way in hell that you can keep the purchase of the property away from the knowledge of the government. there could be a way but it will be illegal already and i don't think there are any persons or solicitors who would risk their life/career for your customer.
TSIcona Pop
post Feb 17 2017, 05:40 PM

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QUOTE(alextan99 @ Feb 17 2017, 11:56 AM)
there's no running away from tax man if his income cannot support the purchase

I would suggest that he get some of his working family members or friends to co sign the loan then it will not be so suspicious
*
This could be one way I think. even if bank grant the loan to him eventually if he under declare his income also kena right? hmm.gif


QUOTE(shaniandras2787 @ Feb 17 2017, 01:55 PM)
laugh.gif why you want to "arouse" the tax guys XD the term you used very erotic -.-

anyway, there's no way in hell that you can keep the purchase of the property away from the knowledge of the government. there could be a way but it will be illegal already and i don't think there are any persons or solicitors who would risk their life/career for your customer.
*
what if epf withdrawal and take loan?
alextan99
post Feb 18 2017, 08:36 AM

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well of course he needs to declare but with someone else to co sign for the loan he don't need to declare so much that's it

Unless he use a proxy to buy the property for him and then change it to his name but that is more work

 

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