I purchased an HDB flat for owner occupation and granted the sellers a rent-free extension of stay for 3 months after the resale completion date. Can IRAS make an exception to apply the owner-occupier tax rates (OOTR) on my flat during the 3-month extension of stay period?

iras

Last updated 4mo ago

The OOTR is a concession given only if the owner is residing in the flat. As you are not residing in the flat during the extension of stay period, OOTR will not be applicable. Whether rent is involved for the extension period is not a relevant consideration for the OOTR concession.

Let other citizens know if this answer was helpful

Did this answer your question?

Can’t find what you’re looking for?

I purchased an HDB flat for owner occupation and granted the sellers a rent-free extension of stay for 3 months after the resale completion date. Can IRAS make an exception to apply the owner-occupier tax rates (OOTR) on my flat during the 3-month extension of stay period?

Related Questions

I purchased an HDB flat and allowed the previous owner to extend his stay for 3 months after the transfer of the flat. I understand that the previous owner has paid the property tax in full based on the owner-occupier tax rates. Why was I notified now to pay an additional property tax?

Our late brother's property was rented out prior to his passing. As the tenancy has ended, can we apply for the owner-occupier tax rates (OOTR)?

Sellers of HDB flats may arrange with the buyers for a temporary extension of stay in the flat for up to 3 months after the resale completion. During the extension of stay, is the seller or buyer responsible to pay the property tax?

I relocated overseas for work purpose. Can the owner-occupier tax rates (OOTR) still apply on my residential property which is my default residence in Singapore?