Are new property owners responsible for paying all outstanding property tax on the property?
Once IRAS is notified of the property transfer, all property tax related correspondence including property tax bills will be sent to you as the new owner.
As the property owner, you will be liable for all property tax on the property. Hence it is important that you, through your lawyer, enquire if there are any outstanding or future property tax liabilities, and make provisions for the seller to reimburse you for the property tax amount that is to be borne by him.
As the property owner, you will be liable for all property tax on the property. Hence it is important that you, through your lawyer, enquire if there are any outstanding or future property tax liabilities, and make provisions for the seller to reimburse you for the property tax amount that is to be borne by him.
This information is sourced from IRAS
Related questions
My co-owner and I own 50% of the shares of the property respectively. Can IRAS split the property tax amount and send separate bills to each of us instead?
I have sold my property effective from Dec 2024. Am I still required to pay the property tax for 2025?
I have made payment for my property tax. How come it still shows the outstanding tax in the tax portal? Has IRAS received my payment?
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