6 questions
Annual Value
Can I object to the Annual Value (AV) of my property?
To give me an idea of whether the Annual Value (AV) of my property is fair, where can I find more information of the rental amount on private residential properties or HDB flats?
Why is IRAS using rental value instead of sale prices to determine the Annual Value (AV) of properties?
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?
My property is not rented out. How does IRAS estimate its rental value in order to arrive at the Annual Value (AV)?
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