Key tips for shoplot buyers

Dr Gambero: Property investors should take note of the product’s long-term potential and practise good holding power to get the best return

THE tax authorities will come after you if you dispose of your commercial property within a short period of time.

UHY Loh Chartered Accountants partner Loh Chye Teik said if the property was sold within a three-year period, the Inland Revenue Department could accuse you of trading activities and impose a hefty income tax on the gains.