facebookIs income from stock investing (e.g. capital gains or dividends) included in the computation of household income to buy an HDB, EC or private condo? - Seedly

Anonymous

07 Feb 2020

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Property

Is income from stock investing (e.g. capital gains or dividends) included in the computation of household income to buy an HDB, EC or private condo?

When your household income is being calculated, do they include income from investments?

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HC Tang

07 Feb 2020

Financial Enthusiast, Budgeting at The Society

Hi

No. Capital gain / dividends from equity investment will not be consider as part of the computation for household income to buy HDB/EC/Condo.

Ref:

  1. IRAS doesn't consider them as income and doesn't tax on these either: https://www.iras.gov.sg/IRASHome/Individuals/Lo...

  2. HDB doesn't consider them as income: https://www.hdb.gov.sg/cs/infoweb/residential/b...

(under the section "what income document must I submit", the last section where it highlights what income / allowance that will be consider for income assessment.)

So go ahead and invest and enjoy the dividends. :)
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