Holiday

I had just booked my airticket back home to singapore for about 1 month for CNY. All this deciding and booked were done in 2 hours. Considering that it will be nice to go back for CNY and spend some time with my family and friends those that care for me. I recently realised that i'm someone who can booked airticket and fly to other place in a very short notices given. Sometimes i think i actually shock certain ones with my sudden decision.

Going back to singapore during March is expected and planned long time ago, but going back for CNY is not planned at all. I'm not sure if i had done the most effective thing by going back for CNY and extend my stay until mid March but i know in my heart that the motives of doing it is that i feel it might be the most effective to go back and spend some time with my family and friends.

It will be a very fun and fruitful holiday back home i believe. In my mind, i already had some ideas of how to spend each day to its fullness. I do look forward to the people back home rather than food cause what goes into my stomach as food will come out in a matter of days. But people are more valuable than anything in this world.

One thing that i know is that my Shepherd will be with me throughout this time even as i'm about to face one of my greatest fear soon.

Tax Law Question

I'm currently doing my summer semester. And the subject that i am currently undertaking is Tax Law.

This is a very interesting subject to me. Something that interest me is the area of renting out property and how it is being taxed on.

I came across this point in my lecture notes that states how some rent money received are not consider as rental income and it will not be taxed on. For example, "Homestay" and when "Owner of the residence permits persons to share it on the basis that all the occupants, including the owner, bear an appropriate proportion of the cost actually incurred like electricity, etc". Then later in the lecture, i came across Capital Gain Tax. And i got a bit confuse, cause it mention that we will be taxed on the property that we sold the proportion which we used it as a form of income. Cause in one of the tutorial questions, there is a question about a man who wanted to sell the property that he had been staying. That property had been used for several purposes and one of them is renting one of the rooms to a student. The answer is that it is a rental income and will have CGT implication.

Strange right? In the earlier lecture it mention that it is not rental income and will not be accessable. Then later, it mention that when you sold the property, it will be assessable as it was consider as a rental income. Or is it because the tutorial question didn't mention that the owner actually did share the appropriate proportion of the cost that incurred like electricity? That's why it falls under rental income. Did i actually got this all wrong? Can someone who read this blog please advise.

Which book of the bible?

This is a test that i had done quite some time ago. Now when i look at it, i find it funny.



You are Proverbs.

Which book of the Bible are you?
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Look forward to going back

I think there had been a flu virus last few weeks here in brisbane. I had just recovered from it recently and i realised that i hadn't been updating my blog for quite some time.

Maybe because these few days i'm sick or the summer holiday where most of the people will be going back for holiday, i keep having dreams about the close ones back home. Maybe i do miss my home and people back home who cares for me.

I look forward to go back home in march. Even though it will be a very short stay back home, but i will make very effort to make it as meaningful as possible.

Heart of gratefulness

Last few days someone had taught me how to play guitar. :)

I'm so so happy and grateful to her. It is not just on what she taught me but can see that her heart that she didn't keep anything from me and taught me for my benefit.

She said that she was not expert but i feel that she still taught me what she knew. Which i'm very grateful to her. I will always remembers and respect her.

I learn from one of the first few books that i had completed reading, it said, "You teach less of what you said but the most of what you are." This is one of the things that i had based my life principle on. For the things that she taught me not just in term of how to play the guitar, i will keep that to my heart and practise it with my action.