Home > Property > Property owners >

Renting out your Property

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

Notifying IRAS on the Start of Lease

When you let out your property, you need to inform IRAS within 15 days after the letting for property tax purpose. When the lease document is e-Stamped via our e-Stamping Portal, IRAS will be notified of the rental and you need not inform IRAS separately.

If your tenant is liable to e-Stamp the rental agreement (including rental agreements for rental of rooms), you can request for a copy of the stamp certificate from your tenant to ensure that the rental agreement has been stamped. For details on Stamp Duty on leases of properties, please refer to Renting a Property.

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).

Back to top

Notifying IRAS on the Increase in Rent

When there is an increase in rent on the existing tenancy agreement, you do not need to update IRAS separately for property tax purpose if the document (e.g. Variation of Lease or Supplemental Agreement) has been e-Stamped via our e-Stamping Portal within 15 days after the increase. For details on Stamp Duty on leases of properties, please refer to Renting a Property.

If e-Stamping is not required or will only be performed beyond 15 days after the increase, you will be required to inform IRAS for property tax purpose within 15 days after the increase. The penalty for non-compliance is a fine of up to $5,000 and an interest on the tax at such rate as may be prescribed (if any).

 

Back to top

Renting out your Whole Residential Property

The owner-occupiers tax rates (if applied on your property) will be withdrawn from the date of letting.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 the non-owner-occupier residential tax rates.  

If you partially-let out your home while you continue to live in it, your residential property remains eligible for the owner-occupier tax rates to apply.

 

Back to top

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, you can use our 'Apply for Owner-Occupier Tax Rates' digital service.

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

 

Back to top

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 .

Back to top

  • After renting out my residential property, I 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.

  • My property is vacant. Can I claim for any property rebate/relief?

    Property tax is levied on the ownership of properties, irrespective of whether the property is occupied or vacant. There is no relief for vacant properties and the tax rates will be based on non-owner-occupier residential tax rates for vacant residential properties while non-residential properties will be based on 10% of the Annual Value.

     

  • I have pre-terminated the tenancy agreement with my current tenant. Do I have to inform IRAS when I find a new tenant?

    Once you find a new tenant and execute a new tenancy agreement, you need to e-Stamp your tenancy agreement. You need not inform IRAS separately for property tax purpose.

     

  • I have renewed the lease with my tenant at a lower rental amount. How do I inform IRAS?

    Please e-Stamp your lease renewal document. You need not inform IRAS separately for property tax purpose.

     

  • I have stopped renting out my residential property and have reoccupied the property. Why is it still taxed at non-owner-occupier residential tax rates?

    When the lease on your property ends and you have moved back into your home, you are required to reapply for the owner-occupier tax rates to be reinstated for your property. You can apply for the concessionary tax rates using 'Apply/Withdraw for Owner-Occupier Tax Rates' digital service.

    Please note that you have to apply for OOTR within 5 years from your OOTR eligibility to enjoy a full refund of overpaid taxes, if any.

     

  • If the rental amount that I am receiving on my property is reduced, do I need to inform IRAS?

    No, you do not need to inform IRAS for property tax purpose. IRAS reviews the Annual Value (AV) of properties annually. If there are changes to the market rent, we will review the AV accordingly.

     

  • If my tenant has terminated his lease of my property, do I need to inform IRAS?

    No, you do not need to inform IRAS if you are looking for another tenant and the property is vacant. However, if you have moved in to reside in your property, you can apply for the lower owner-occupier tax rates using our 'Apply/Withdraw for Owner-Occupier Tax Rates' digital service.