Singapore: Profits method used to value property for property tax purposes

A report discussing a recent decision of the valuation review board concerning profits method used to value property for property tax purposes.

Profits method used to value property for property tax purposes

The KPMG member firm in Singapore prepared a report discussing a recent decision of the valuation review board in which the profits method was used to determine the annual value of a convention center for property tax purposes.

The case is: Harmony Convention Holding Pte Ltd v Chief Assessor [2022] SGVRB 1.

Read a July 2023 report [PDF 397 KB] prepared by the KPMG member firm in Singapore

 

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