Why are the property tax rates higher for let-out residential properties?
Let-out or rented residential properties are considered investment assets and are taxed at a higher rate than owner-occupied properties. The tax structure ensures that higher-value properties are subject to higher tax rates.
This information is sourced from IRAS
Related questions
I am staying somewhere else and decided to let my parents stay in my property instead. Will I be eligible for the owner-occupier tax rates?
My elderly mother is staying in a nursing home and has rented out her property to pay for her own expenses. Can IRAS reinistate the owner-occupier tax rates on her property?
If I own and occupy more than one residential property concurrently, what will be the tax rates applied?
How do I know if my residential property is taxed at the owner-occupier tax rates or non-onwer-occupier residential tax rates?
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