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Are mortgage payments tax deductible in Singapore?

April 26, 2017deductible mortgage PAYMENTS Singapore tax

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Are mortgage payments tax deductible in Singapore?

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Monthly instalment repayment of housing loan or mortgage is not a tax deductible expense. However, interest paid on the loan or mortgage falls under the umbrella of both Rental Expenses and Net Annual Value (of your property) expenses and can be deducted from your rental income or annual value of your property in Singapore, as the case may be.