Demolishing or Rebuilding Your Property

Owners must notify IRAS within 15 days from the date of demolition or removal of their buildings or any part of their buildings.

How to Notify IRAS

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

Penalty for Non-Compliance

The penalty is a fine of up to $5,000 and an interest on the tax at such rate as may be prescribed (if any).

Upon notification of the demolition or removal of the building or any part of the building, IRAS will write to owners to request for the following information:

1. The date the building was vacated;
2. The date the building was demolished;
3. The expected date of completion of the new building;
4. A copy of the BCA permit to carry out structural/demolition works;
5. A copy of the URA lodgement form or the notice of grant of provisional or written permission;
6. The proposed plot ratio;
7. A copy of Development Charge Interim Order (if any); and
8. A copy of the location and site plan (preferably in A4 size).

You must submit the information to IRAS upon request.

Penalty for Non-Compliance

The penalty is a fine of up to $1,000.

The Annual Value (AV) of the property that is demolished will be determined at 5% of the estimated freehold market value of the land.

A Valuation Notice reflecting the revised AV will be sent to the owner. The tax payable is computed based on non-residential tax rate of 10%.

Upon the completion of the new building, the AV will be reviewed again to take into account its rental value.

Individual property owners who rebuild their property for owner-occupation may be eligible for property tax remission.

Find out about Property Tax Remission for Rebuilding an Owner-Occupied House.