Demolishing or Rebuilding a client’s property

As owners are required to inform IRAS if their properties have undergone reconstruction or demolition, architects/consultants overseeing the project should advise their clients of their obligations and the information to be submitted to IRAS.

 

Notify IRAS On The Date Of Demolition

Architects/ Consultants overseeing the project should advise their clients to notify IRAS within 15 days from the date of demolition or removal of their buildings or any part of their buildings. Alternatively, architects/ consultants can notify IRAS on behalf of their clients. 

How Owners can Notify IRAS

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

How Architects/ Consultants Can Notify IRAS

  1. Email IRAS Property Tax Division at propertytax@iras.gov.sg.

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).

Submit Relevant Information To IRAS

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).

 Architects/ Consultants overseeing the project should advise their clients to submit the information to IRAS upon request. 

Revision Of Annual Value

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 the non-residential tax rate of 10%.

 

Claim Property Tax Remission

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.

Notify IRAS Upon Completion of Reconstruction

Once reconstruction works have been completed, architects/ consultants overseeing the project should advise their client to provide the following information for property tax assessment purposes: 

  1. A copy of Temporary Occupation Permit (TOP) / Certificate of Statutory Completion (CSC), whichever is earlier (please indicate if it is a direct CSC)

  2. Latest gross floor area of the property

  3. Total cost of construction for the property, inclusive of professional fees

  4. A copy of the constructed floor plans in A4 size (please ensure that the floor plans are clear and the wordings in the plans are of readable font size)

 Alternatively, architects/ consultants can notify IRAS on behalf of their clients. 

How Owners can Notify IRAS 

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

 How Architects/ Consultants Can Notify IRAS 

  1. Email IRAS Property Tax Division at propertytax@iras.gov.sg.