facebookUnderstand from my colleague that if your parents are not working, I am able apply for a tax relief. Is it true? - Seedly

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HL Low

27 Jun 2019

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Understand from my colleague that if your parents are not working, I am able apply for a tax relief. Is it true?

Is it true I can apply a tax relief if both my parents are not working? How do I proceed to do the application?

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Extracted from IRAS website

To claim Parent Relief / Handicapped Parent Relief for YA 2019, you must satisfy all the conditions below:

The dependant was living in Singapore* in 2018.

"Living in Singapore" means that the dependant was staying in Singapore permanently, except for temporary absences (e.g. short overseas vacation) in 2018. In the case of a foreign dependant: generally, if he/ she stayed in Singapore for a period of at least 8 months in 2018, he/ she will be regarded as living in Singapore.
The dependant was living in your household. If the dependant lived in a separate household in Singapore in 2018, you must have incurred $2,000 or more in supporting him/her in that year.
The dependant was 55 years of age or above in 2018. If not, he/she must have been physically or mentally disabled.
The dependant did not have an annual income
exceeding $4,000 in 2018. This income threshold is not applicable for handicapped dependants.

*Annual income includes the following:

a. taxable income (e.g. trade, employment, rental and SRS withdrawals);
b. tax exempt income (e.g. bank interest, dividends and pensions); and
c. foreign-sourced income (regardless of whether it has been remitted to Singapore).
From YA 2015 onwards, Parent Relief / Handicapped Parent Relief may be shared with other claimants provided no one else is claiming any other relief (except Grandparent Caregiver Relief ) on the same dependant.

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