Starting from YA 2015, Parent Relief and Handicapped Parent Relief may be shared with other claimants if nobody else is claiming any other relief, with the exception of Grandparent Caregiver Relief, with regard to the same dependant. This applies to individuals who are supporting the same dependant. In such cases, the relief that can be claimed will be shared between the claimants. How this relief will be divided is left to the claimants’ discretion.
Parent Relief and Handicapped Parent Relief may be simultaneously claimed on the same dependant. These reliefs may also be claimed for up to two dependants. Hence, if a person who is supporting both parents and parents-in-law claims the reliefs for the parents, this person is not allowed to claim any reliefs for the parents-in-law.
If the dependant died during the previous YA, the full amount of any of the relevant tax reliefs may be claimed should all the criteria to claim them have been fulfilled.
Parent Relief and Handicapped Parent Relief may be claimed by using e-Filing or paper filing. Those claiming Handicapped Parent Relief for the first time must also complete and submit the Handicapped-Related Tax Relief form via email.
If you are a foreigner thinking of setting up a business or as an individual in Singapore, it is crucial to have tax advice on Singapore tax residency, income source and incentives for your company or personal tax planning.