10.

The report of the IMC has raised public awareness on care of the elderly. We believe that the elderly are best cared for by their children in the familial surroundings of their own homes.

11.

Currently, there is a tax relief of $4,500 for the maintenance of each aged parent if the taxpayer is staying with the aged parent or a lesser amount of relief at $3,500 if the taxpayer is not staying with his parent. To provide greater recognition to those who stay with their parents, the relief for them will be raised by $500 to $5,000. For those who maintain their aged parents but do not stay with them, the relief will remain at $3,500.

12.

The change will take effect from the Year of Assessment 2000. Revenue loss to Government will be about $5 million.