20) Invest in REITs
You can go into real estate investment trusts ( REITS )if your tax bracket above 15%.
There are 11 REITs listed on the Main Board.
The tax on dividends given out by these property-related investments are taxed at 15% as compared to tax on dividend at 26% ( under the new single –tier dividend system )
Only tax brackets exceeding 15% would enjoy some tax savings by investing in REITs
Since the distributions received by individual taxpayers have been subject to that 15% , the taxpayers are not required to declare the amount in their tax return.
Tax deduction:
Your tax saving is the difference between your personal tax bracket and 15%
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