Renting out your Property

You should ensure that your tenancy agreement is e-Stamped, and pay income tax on the rental income you receive.

Notifying IRAS on the Start of Lease

All lease documents are required to be e-Stamped. IRAS will be notified of the rental and you need NOT inform IRAS separately.

Please ensure that your tenant e-Stamps the rental agreement (including rental agreements for rental of rooms). You may request for a copy of the stamp certificate from your tenant to ensure that the rental agreement has been stamped.

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).

Renting out your Whole Residential Property

Owner-occupiers tax rates (if applied on your property) will be withdrawn from the date of letting. You will need to pay higher property tax based on residential tax rates

Reinstating Owner-Occupier Tax Rates at the End of Lease

Upon the end of the tenancy, property owners must reapply for Owner-Occupier tax rates to be applied to their property if they have moved back into that property. Owner-Occupier tax rates will NOT be automatically applied upon the end of a tenancy. This applies to early termination of tenancy as well. To apply, please log in to mytax.iras.gov.sg with your SingPass > Property > Apply for Owner-Occupier Tax Rates.

If owners choose not to move back into the flat and leave it vacant, residential tax rates will continue to be applied.

 

Pay Income Tax on Rental Income Received

The rent that you receive from renting out your property in Singapore may be subject to income tax. Income Tax is a tax payable on all income earned or received in Singapore, including any payout or profit arising from investments unless the investments are specifically exempted under the Income Tax Act. There is no double taxation since Property Tax and Income Tax are two separate taxes.

Find out more about Rent from property .

For companies that own property for rental, refer to corporate owners .

  • I rent out my residential property and have to pay tax on my rental income and on the property. Am I being taxed twice?

    Property tax is imposed based on ownership of property, while income tax is being taxed on the rental income earned. Hence, you are not being taxed twice for ownership of property.

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