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Update IRAS to Avoid Penalties

Property owners should update IRAS about changes to their properties on time to avoid unnecessary penalties.
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Obligation to Update IRAS

To enable the Chief Assessor/Comptroller of Property Tax to accurately assess your property tax liability, property owners (or their representatives) are required to update IRAS with information pertaining to their property.
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Penalty for Failure to Update IRAS

According to S19(13) of the Property Tax Act, a fine of not exceeding $5,000 will be imposed on any person who fails to duly inform the Chief Assessor/Comptroller of Property Tax of any of the events below.
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Events Requiring Updates

In the following events, property owners (or their representatives) must fulfill their obligations to update IRAS.

Sale or Transfer under Section 19(1)

Persons Responsible

Time from event

Inform us

Vendor or transferor

Within 1 month after sale or transfer

Update Property Ownership

For details, please refer to Selling your Property .

Completion of Demolition under Section 19(7)

Persons Responsible

Time from event

Inform us

Owner

Within 15 days from the completion of demolition

1) Log in to mytax.iras.gov.sg

2) At the top menu, Select 'Email Us (myTax Mail)'.

     

    For details, please refer to Demolishing or Rebuilding your Property .

    Rental of Property under Section 19(9)

    You must inform IRAS within 15 days after letting out your property. You do not need to update us if the tenancy agreement has been e-Stamped via our e-Stamping Portal within 15 days after the letting of your property.

    Persons Responsible

    Time from event

    Inform us

    Owner

    Within 15 days after letting out of the property

    1) Log in to mytax.iras.gov.sg
    2) At the top menu, Select 'Email Us (myTax Mail)'.

    For details on Property Tax relating to letting out your property, please refer to Renting out your Property. For details on Stamp Duty on leases of properties, please refer to Renting a Property.

    Increase in Rental Sum Charged under Section 19(9)

    You must inform IRAS within 15 days after you increase the rent or rental charges (i.e. furniture, maintenance and service). You do not need to update IRAS if the document has been e-Stamped via our e-Stamping Portal within 15 days after the increase.

    Persons Responsible

    Time from event

    Inform us

    Owner

    Within 15 days after the increase

    1) Log in to mytax.iras.gov.sg
    2) At the top menu, Select 'Email Us (myTax Mail)'.

    Premium Charged for Letting under Section 19(10)

    You must inform IRAS within 15 days of receipt of the premium. You do not need to update IRAS if the contract has been e-Stamped via our e-Stamping Portal within 15 days of receipt of premium.

    Persons Responsible

    Time from event

    Inform us

    Owner

    Within 15 days of receipt of the premium

    1) Log in to mytax.iras.gov.sg
    2) At the top menu, Select 'Email Us (myTax Mail)'.

    Cessation of Owner-Occupation under Section 19(11)

    Persons Responsible

    Time from event

    Inform us

    Owner

    Within 15 days of ceasing to occupy the property

    1) Log in to mytax.iras.gov.sg
    2) At the top menu, Select 'Property > Withdraw Owner-Occupier Tax Rates'.

    For details, please refer to Moving out of your Property .

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