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What is the Annual Value (AV) of a property and why is the AV of my place of residence used to assess my eligibility for Workfare Income Supplement (WIS)?
cpf
Source: https://www.cpf.gov.sg/memberAnnual Value (AV) is the estimated gross annual rent of the property if it were to be rented out, excluding furniture, furnishings and maintenance fees. It is determined based on estimated market rentals of similar or comparable properties. It can be found on the property tax bill you receive each year.
AV serves as a housing criterion that targets lower-wage workers with less household wealth.
For more information on the computation of AV, please visit the Inland Revenue Authority of Singapore (IRAS) website.
This information provided here is sourced from the CPF website.
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