This policy WILL affect you! | Iras clamping down on the 99-1 ABSD loophole

How are authorities clamping down on the 99-1 loophole? Anyone found guilty will be slapped with a bill for unpaid ABSD as well as a 50% penalty.
Let us share with you the 99-1 issue and the way to own properties legally.
06:13 Summary of IRAS tax guide
09:08 Example of a liable agreement
13:54 Example of a non-liable agreement
16:27 Owner to Occupier
23:25 Pledging & Unpledging
29:38 Buying under Trust
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