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My property is not rented out. How does IRAS estimate its rental value in order to arrive at the Annual Value (AV)?

Updated by IRAS

IRAS would analyse the rents of comparable or similar properties that have been rented out and make adjustments to the values to account for differences in location, size, conditions and other physical attributes.

This information is sourced from IRAS.

Topics:

Property TaxAnnual Value

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How does IRAS determine the Annual Value (AV) of my residential property?

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The actual rent for my property is $2,500 per month. However, IRAS has informed that the Annual Value (AV) is $3,000 per month. How does IRAS determine the AV?

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My property is old, needs repairs, and is not in perfect condition. I have not done any renovation works since I first moved in many years ago. Will IRAS peg my AV at a higher level based on the rents of the newer and bigger properties in my estate?

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Why is IRAS using rental value instead of sale prices to determine the Annual Value (AV) of properties?

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