Understanding your Industrial Property Annual Value

The Annual Value of your industrial property is the estimated gross annual rent of the property if it were to be rented out. IRAS considers the gross rents of similar or comparable properties when determining your Annual Value.

SINGLE-USER GENERAL INDUSTRIAL PROPERTY

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Building is occupied or to be occupied by a single user.

The Annual Value is the estimated annual gross rent of the whole building, taking into account any mezzanine space, lift lobby, corridors, staircases, toilets, guardhouse and substation.

 

MULTIPLE-USER GENERAL INDUSTRIAL PROPERTY

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Single unit is occupied or to be occupied by a single user.

The Annual Value is the estimated annual gross rent of the unit, taking into account any roof terrace, mezzanine space, air-con ledge and toilet, but excludes void space.

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Two or more adjacent units are occupied or to be occupied by a single user.

The Annual Value is the total estimated annual gross rent of the adjoining units, taking into account any roof terraces, mezzanine spaces, air-con ledges and toilets, but excludes void spaces.

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Two or more adjacent units (with common space) are occupied or to be occupied by a single user.

The Annual Value is the total estimated annual gross rent of the adjoining units, and common space such as corridors, life lobbies and toilets outside the units, used or to be used exclusively by the same user, taking into account any roof terraces, mezzanine spaces, air-con ledges and toilets, but excludes void spaces.

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Two or more non-adjacent units are occupied or to be occupied by a single user.

Non-adjoining units will be assessed individually by IRAS. The Annual Value will be the estimated annual gross rent of the individual unit. Taking into account any roof terrace, mezzanine space, air-con ledge and toilet, but excludes void space.

You can view your Annual Value and Annual Value Rate of your industrial property by following these steps:

1.  Log in to myTax.iras.gov.sg with your SingPass or CorpPass.

2.  Under "Property" on the top menu, select "View Property Portfolio".  

3.  Select "View Details" to the industrial property to view the Annual Value rate and floor area.  

If there is any difference in the floor area of your property and IRAS's records, you can inform us by following these steps:

1. From "View Property Portfolio" page, select "Request to Update". The page will be re-directed to "myTax Mail".  

2. Fill in your industrial property address and/or property tax reference no. 

3. Indicate the correct floor area of your property in the "Message" box and other information as requested.