Can a property agent claim PIC? I keep hearing his question, one that cannot be answered because the question itself is not valid. It is as good as asking Can a married man claim PIC? Can a tuition teacher claim PIC? Can a MLM person claim PIC? It shows how little the questioner understands tax legislation. PIC is a scheme that opens to sole proprietorship, partnership and companies. So the answer to the above question is as follows: If a property agent carries on a business in the form of a sole proprietorship partnership or company then his business is qualify to claim PIC if the business meets the other criteria. For a property agent who is an individual running a business, contribute your employee CPF using your CSN number (basically, your NRIC number) to meet the second criteria for PIC claim. In order for you to claim, then your business has to invest in any of the 6 qualifying categories. So, can a property agent claim PIC? Dont ask that kind of question, instead, ask How can a property agent claim PIC?
Posted on: Mon, 15 Sep 2014 18:34:52 +0000
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