1. Notify IRAS of the Rental [For non e-Stamping cases]
2. Claim Property Tax Relief (Will cease with effect from 1 Jan 2014)
3. Pointers to Note if You Stop Renting Out Your Property
4. Pay Income Tax on Rental Income
1.Notify IRAS of the Rental [For non e-Stamping cases]
You need to notify us within 15 days of the receipt of the rent charged for renting of your property (including room rentals).
To notify IRAS, you can log in to myTax Portal with your SingPass > Other PT e-Services (left-hand menu) > Notify lettings/ rental changes/ changes to the property.
The penalty for non-compliance of the above obligation is a fine of up to $5,000 and an interest on the tax at such rate as may be prescribed (if any).
However, if your tenancy agreement has been e-Stamped, you do not need to notify IRAS of the rental of your property.
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2. Claim Property Tax Relief (Will cease with effect from 1 Jan 2014)
Prior to the letting of your property, if your property has been vacant for at least 30 days or a calendar month, you may apply for refund of tax. You would need to prove that the property is intended for rental and that reasonable efforts had been made to rent out the property.
Find out more about conditions for vacancy refund.
You need to log in to myTax Portal with your SingPass > Other PT e-Services (left-hand menu) > Apply for vacancy refund within 30 days from the date of occupation or after the property has been vacant for one year, whichever is earlier.
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3. Pointers to Note if You Stop Renting Out Your Property
If you intend to occupy your property after you stop renting out your property, you may apply for the owner-occupier tax rates after you have moved into the property.
Find out more about owner-occupier tax rates.
However, if your intention is to rent out the property again, you may wish to apply for vacancy refund if you fulfill the conditions (Will cease with effect from 1 Jan 2014).
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4. Pay Income Tax on Rental Income
The rent that you receive from renting out your property in Singapore may be subject to income tax.
Find out more about Rent & Net Annual Value (NAV).
More information for corporate owners.
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