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Hi All,
That’s crap right?
Capitaland vouchers given out will be taxable as per normal income!
Cheers,
Intheknow
Hi Martin
Agree with your comments that the receiver of those vouchers esp if it is 1K and above would not be too happy. However, credit must be given to the company for coming up with such innovative idea. It kills 2 birds with a stone – providing their tenants with some business, thus promoting the malls and at the same time stimulate the economy. Another way the receiver could “sell” his share of the vouchers to his friends/relatives, maybe at a small discount on the quiet side. In that way, he can recover some cash to save/buy something that is not availabe at any of the Capitaland malls. I think the management should”hands-off” if their employees choose to sell the surplus vouchers.
ReplyI read that the vouchers can be used at NTUC in those Capitaland malls, so it might not be so bad for the recipients after all. There could be a secondary market for these vouchers, eg ebay.
And yes, this is a good scheme for both Capitaland and their tenants. Better cashflow for Capitaland (and possibly a small savings if they redeem the vouchers from the tenants at a discount), and more business for the malls.
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