My property is not rented out. How does IRAS estimate its rental value in order to arrive at the Annual Value (AV)?
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
Related questions
Why is IRAS using rental value instead of sale prices to determine the Annual Value (AV) of properties?
How does IRAS determine the Annual Value (AV) of my residential property?
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?
How is the annual value of my property calculated?
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