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5 Things to Know About the Singapore Property Tax System

Posted by Jayson Ang on June 18, 2023
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5 Things to Know About the Singapore Property Tax System

Here are 5 things you need to know about the Singapore property tax system to make sure you’re compliant and maximizing your savings.

1. Property tax in Singapore is based on the Annual Value (AV) of a property, which is an estimate of the property’s rental income potential. The AV is determined by the Inland Revenue Authority of Singapore (IRAS) and is used to calculate the property tax due.

2. The property tax rate for residential properties is progressive, with higher rates applied to properties with higher AVs. For non-residential properties, the tax rate is fixed at 10%.


3. Property owners are responsible for paying property tax, and tax bills are issued by IRAS on an annual basis. The due date for payment is usually within 30 days of the date of the tax bill.

4. There are several reliefs and rebates available to property owners in Singapore, including the Additional Relief for owner-occupiers, the Special Tax Rebate, and the Property Tax Rebate. These can help to reduce the amount of tax owed.

5. The property tax in Singapore is generally considered to be low compared to other major cities around the world. Additionally, Property Tax in Singapore is deductible for income tax purpose for the owner of the property.

And if you want even more tips and advice on investing in the Singapore property market, be sure to like and share, or contact us for expert advice, and I’ll see you in the next video!

5件关于新加坡产税制度的事

1. 新加坡的房产税是根据房产的年价值 (AV) 计算的。它是对房产租金收入潜力的估计。 AV 由新加坡国内税务局 (IRAS) 确定,用于计算应缴财产税。

2. 住宅物业的物业税税率是累进的,AV 值越高的物业适用的税率越高。 对于非住宅物业,税率固定为 10%。

3. 税单由IRAS 每年开具,业主有责任缴纳房产税。 付款到期日通常在税单日期后 30 天内。

4. 新加坡的业主可以享受多项减免和退税,包括自住业主的额外减免、特别退税和房产税退税。 这些可以帮助减少欠税额。

5. 与世界其他的城市相比,新加坡的房产税普遍被认为较低。 此外,新加坡的财产税可用于财产所有者的所得税扣除。

想要更多关于投资新加坡房地产市场的技巧和建议,记得关注我们或联系我们获取专家建议!

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

  1. Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
  2. Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

 

您应该买、卖还是等待?

如果您正在阅读本文,您一定正在尝试找出最佳的行动方案:现在是否买或卖?因为每个人的情况都是独一无二的,适合一个人的不一定适合您。

我可以为您带来丰富的实地经验和数据驱动的方法,以提供清晰度和方向。 从初学者到经验丰富的投资者,我会使用客观的方法在您的房地产之旅中为您提供有效地帮助。

我可以通过以下方式帮助您:

– 提供战略性房地产建议。我可以帮助制定一个全面的计划来指导您完成您的房地产之旅。

– 通过令人惊叹的视觉效果、有效的沟通策略和对市场的深入了解,我们将确保以最佳方式展示您的家,以实现您的目标。

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