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).
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).
Renting out your Whole Residential Property
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 e-Service "Apply for Owner-Occupier Tax Rates".
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.
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 .