My sales completion is on Jan 2025. Am I required to pay the 2025 property tax?
Property tax is payable in advance in the month of January. If the sale completion of your property is in the year 2025, you are required to pay the whole year tax. During the sale completion, the HDB officer or your lawyer will apportion the tax liability between you and the buyer, so that you will be reimbursed accordingly.
This information is sourced from IRAS
Related questions
I have sold my property effective from Dec 2024. Am I still required to pay the property tax for 2025?
My wife and I purchased a private residential property on 1 Oct 2005. On 10 Mar 2022, my wife transferred her half share of the property to me by way of gift. As a result, I became the sole owner of the property. I sold the property on 1 Sep 2022. As I have been an owner and occupant of the property since 1 Oct 2005, do I need to pay Seller's Stamp Duty (SSD) on the sale?
I have bought a newly constructed property. When will I receive the property tax bill?
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?
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