On 8 January 2021, the Inland Revenue Authority of Singapore (IRAS) published an updated e-Tax Guide for property owners and property holding companies. The purpose of the guide is to explain how GST affects property owners and property holding companies, including guidance on the application of GST for property transactions and whether persons involved in property transactions need to register for GST. The guide also clarifies the type of property that qualifies for GST exemption. The latest update to the guide includes: Amendments to para 8.19 to provide for clarity that the use of security deposit to set-off the repair...