When any property is sold or transferred, the seller or transferor shall, within one month after the sale or transfer, give notice of the sale or transfer to IRAS. Generally, the lawyers acting on behalf of the seller/transferor will submit the Notice of Transfer to IRAS.
Where there is more than one owner, all correspondence relating to the property tax matters will be addressed to the first name stated in the Notice of Transfer. Hence, lawyers are advised to confirm with the new owners on the name of the addresses before filing.
Lawyers are able to file the Notice of Transfer on behalf of the sellers/transferors via e-Notice of Transfer (e-NT) system. Once your Notice of Transfer has been transmitted via the e-NT, you will see an on-screen acknowledgement.
IRAS has enhanced the e-NT service. This enhanced web-based e-NT service allows lawyers to submit Notice of Transfer via IRAS’ myTax Portal at no cost.