The policy intent of owner-occupier tax rates is to encourage home ownership in Singapore. They are only applicable if owners are residing in their residential property.
The owner-occupier tax rates are progressive tax rates based on the annual value of your property. This means residential properties of higher annual value are taxed at higher rates while most owner-occupied properties (including all HDB flats) will continue to enjoy lower tax rates.
First $8,000 Next $47,000
0% 4%
$0 $1 ,880
First $55,000 Next $15,000
- 6%
$1,880 $ 900
First $70,000 Next $15,000
- 8%
$2,780 $1,200
First $85,000 Next $15,000
- 10%
$3,980 $1,500
First $100,000 Next $15,000
- 12%
$5,480 $1,800
First $115,000 Next $15,000
- 14%
$7,280 $2,100
First $130,000 Above $130,000
- 16%
$9,380
First 8,000
X 0%
= 0
Next 47,000
X 4%
= $1,880
Next 15,000
X 6%
= $ 900
Remaining 14,000
X 8%
= $1,120
Property Tax Payable for 2015
= $3,900
Annual Value ($)
Tax Rates for 2014
Property Tax Payable
$ 0 $1,880
First $55,000 Next $5,000
- 5%
$1,880 $ 250
First $60,000 Next $10,000
$2,130 $ 600
- 7%
$2,730 $1,050
- 9%
$3,780 $1,350
- 11%
$5,130 $1,650
- 13%
$6,780 $1,950
- 15%
$8,730
Tax Rate
First 6,000
0
Next 59,000
4%
Amount exceeding 65,000
6%
The owner-occupier tax rates can only be applied to one home owned and occupied by an individual or a married couple. Even if a married couple were to occupy two homes, the owner-occupier tax rates can only apply to one of the homes.
If you own a private property or HDB flat (A) and have recently purchased another private property (B), you can apply for the owner-occupier tax rates to be applied to property (B) if you are living in it. The concession on property (A) will be withdrawn from the date you enjoy the owner-occupier tax rates on property (B).
If you jointly own a residential property (A) and another residential property (B) with another party other than your spouse (e.g. parents, siblings, etc.), you can each apply for concession for each of the properties .
If you partially let out your home while still living in it, you are still eligible for the owner-occupier tax rates.
The owner-occupier tax rates are not applicable in any of the following scenarios:
For your convenience, the owner-occupier tax rates will automatically apply to the following:
If you do not intend to live in the property, you should inform IRAS immediately to avoid any penalty for late or non-notification.
To check if the owner-occupier tax rates are applied on your property, you can refer to the tax rate indicator stated in the latest property tax bill sent to you. It should indicate "Owner-Occupier Tax Rates". Alternatively, you can also check using our e-Service.
If you are residing in your property but it is currently taxed at "Residential Tax Rates", you can apply for the owner-occupier tax rates using our e-Service.
Once you have submitted an application, you can check the status of your application using our e-Service.
Once you have rented out your property, the owner-occupier tax rates are no longer applicable from the date of rental. Property tax is payable based on residential tax rates (non-owner occupier tax rates).
You must be residing in your residential property in order for the owner-occupier tax rates to be applied even though you only own one property. As the property has been rented out, the law is specific that owner-occupier tax rates cannot be applied.
As your mother has rented out her property, the owner-occupier tax rates are not applicable and the property tax is payable based on the residential tax rate.
We understand her circumstances for letting out her property. While we appreciate that she has reasons for not staying in her property, we regret that we are unable to accede to her request to reinstate the owner-occupier tax rates to the property.
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 to your property.
If the owner-occupier tax rates are withdrawn, you can apply for the reinstatement of the owner-occupier tax rates by writing to IRAS to confirm that you are still living in your property. You should also submit a copy of the tenancy agreement and / or approval letter from HDB on room rentals (if any).
Owner-occupier tax rates will be withdrawn if you move out of the property. You can Notify IRAS by logging in to mytax.iras.gov.sg with your SingPass > Messages > myTax Mail.