The common misconception of customers is that all lease furnitures are used or second hand. Someone else has used it before and that's why it can be rented out at such an affordable price. True?
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According to Inland Revenue Authority of Singapore (IRAS) *, rental expenses are expenses which are wholly and exclusively incurred in the production of your rental income. These expenses can be deducted from your rental income, which helps you to save tax :-)
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Why should you rent furniture? Or, may I re-phrase, Why shouldn't you when the benefits to hiring furnitures is plentiful.
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