Owners will receive a Valuation Notice reflecting the latest property tax computation.
Owners may apply for a remission of property tax of up to 2 years under the Property Tax (Replacement Owner-Occupied House under Construction) (Remission) Order 2013. If the owners qualify for this remission, they will continue to enjoy owner-occupier tax rates on the property during the construction period.
Owners enjoying the existing remission need not take any action and will continue to enjoy the remission under the new order.
Eligibility Conditions for Remission
The land is not occupied;
No rent or fee is charged or received for the occupation or use of the land or any part thereof;
The owner or owner's spouse is not enjoying the owner-occupier concession on another property during the remission period*; and
The replacement house is owner-occupied for at least 1 year following the Temporary Occupation Permit (TOP) date or the Certificate of Statutory Completion (CSC) from the Building Authority.
* If the owner or his/her spouse are enjoying the owner-occupier tax rates on another property during the same period, he/she can inform IRAS to withdraw the owner-occupier tax rates on that property to be eligible for this remission.
Period of Remission
The period of remission is for a maximum period of 2 years from the date of land assessment or the date of submission of building plans to the Building Authority, whichever is later; to the date of issue of the TOP date or CSC for the replacement house,
whichever is earlier.
Applying for Remission
To apply, you need to submit an online written undertaking not later than
30 days after the TOP date or CSC of the replacement house.
Withdrawal of Remission
Owners who are unable to fulfill the remission conditions will have the remission withdrawn and must pay the tax difference. IRAS will notify owners of the amount of taxes payable. This tax difference amount may be subject to an additional 5% charge at
the discretion of the Comptroller of Property Tax.
If the property has obtained TOP, please let us have the following: (a) A copy of Temporary Occupation Permit (TOP)/Certificate of Statutory Completion (CSC), whichever is earlier (Please indicate if it is a direct CSC) (b) Site area of
the land plot (c) Gross floor area of the property (d) 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.)
IRAS will review the
assessment on the new building after receiving the required information and the owner-occupier tax rates will be granted once the assessment on the new building is finalised. You may also request your architect to submit the relevant information to