What happens if you bought a place, stayed there for a couple of months/years and decided that things are not really going your way? Well, if you happen to know of any good geomancer, you can now submit your proof of ‘bad fengshui’ to the courts that could save you lots of tax when you sell it to someone else!

Apparently someone has done it and this may set a precedent for future appeals, although the papers stated that it had turned down one appeal where they felt that there was ulterior motive.

In a world where scientific proving beyond doubt is required, it is rare to see or hear of a judge who will take fengshui as a reason for an appeal. Perhaps the judge must also believe in fengshui before such a decision can be made. I wonder what will the Chief Justice say when he hears of this. šŸ™‚

IN WHAT is believed to be the first case in Singapore , the High Court on Thursday ruled that bad fengshui is a legitimate reason for the owners to sell their property, for which they should not be taxed on the profits.
It ruled in favour of a couple who argued that they had been compelled to sell their Waterside apartment they have owned for just over two years on this ground – and not because they had intended it as a trade.

The taxman had taxed the couple on the gains they had made from the sale of the Waterside flat, as well as three other properties, asserting that the couple were engaging in the trading of properties. The sales took place between 1993 and 1996.

However, Justice Judith Prakash ruled against the couple with regards to another property at Watten Close.

She did not accept their argument that they had sold the two-storey house to avoid a legal dispute with their renovation contractor.

News article from straitstimes.com



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