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Proposed Changes Might Tax Profit of Selling 2nd property within 4 years...

Written by Dennis Ng on .

A PROPOSED change to income tax laws will make clearer to property sellers when they will be taxed on their profits.

Anyone who sells only one property in any four-year period will not be taxed on his profit, according to a proposed amendment to the Income Tax Act.

But if he sells another property within four years of the first sale, the profit from the second sale may be taxable.

If the proposal becomes law, it will provide certainty for owners who now cannot be sure if the taxman will come calling after they sell.

Bank Savings Is NOT Safe, Dennis explains why...

Written by Dennis Ng on .

Many people think they are being conservative when they put most of their money in banks. Actually, bank savings is NOT safe. Dennis explains why this is so.

Do you want to Save and Accumulate One Million Dollars?

More than 332 people have learned How to Save and Accumulate One Million Dollars from Dennis since May 2009, listen to what some of them had to say about what they learned in this full-day Seminar...