2013 mar 2 MARCH 02, 2013 Shoebox units may gain from new tax policy Knight Frank says most shoebox units have annual gross rental of less than $55,000 BY MINDY TAN Shoebox units could benefit from the new tax policy which imposes a more progressive tax structure on residential homes, even as the investment appeal of high-end homes take a hit. Shoebox units typically command lower prices compared to bigger units in the same locations and as such are likely to benefit unless they are unable to find tenants, said Knight Frank in a report. This is because most shoebox units have annual gross rental of less than $55,000. "As the first $8,000 annual value (AV) will have 0 per cent tax rate compared to $6,000 AV currently and the next $47,000 AV will remain at 4 per cent tax rate, shoebox units are likely to experience lower payable tax under the new scheme if they are owner-occupied or leased out," said the consultancy. The new tax structure, which was announced on Feb...