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Are new property owners responsible for paying all outstanding property tax on the property?
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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.
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