Question: Assuming you work for IRAS and you are tasked to audit properties which were transacted below valuation. Based on the current stamp duty laws, properties

Assuming you work for IRAS and you are tasked to audit properties which were transacted below
valuation. Based on the current stamp duty laws, properties transacted were subjected to taxes (stamp
duties) hence, there are instances whereby individuals intentionally understate the sale price of the
properties to reduce the duties payable. Using your model to detect the properties which you will be
auditing for the coming year.

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