Property Tax

New Property Tax Computation for Home Owners from January 2011

February 22, 2010

With the latest Budget released for 2010 by Financial Minister Tharman Shanmugaratnam, property tax computation for home owners will be on a 3-tier progressive scheme. Based on Annual Value (AV) of your owner occupied home, the tiers are as follows:- 0% on your first $6,000 of AV 4% on the next $59,000 of AV 6% [...]

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HDB Annual Value Raised

November 19, 2009

IRAS will raise the annual value of HDB flats with effect from 1st January 2010. AV increase for HDB flats IRAS reviews the AVs of all properties, including HDB flats, annually to ensure that they reflect prevailing market rental values for the purpose of determining property tax. The last AV revision for HDB flats was [...]

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IRAS – No Changes to Tax for Property Gains

August 23, 2009

Nothing new is springing up from Inland Revenue Authority of Singapore (IRAS), after a period of uncertainty especially to property investors with the recent speculations of government measures to firm up the possible taxation of property owners selling their assets for capital yield. Previously it was proposed that an individual who sells a property would [...]

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