The Inland Revenue Authority of Singapore (IRAS) will raise the Annual Values (AVs) of HDB flats with effect from 1 January 2010. To help HDB homeowners adjust to the AV increase, the government will grant a one-off property tax rebate to all HDB owner-occupiers for the property tax payable in 2010. There are two existing property tax rebates; the $100 rebate and the 40% rebate that were provided as part...
Annual Values
The Inland Revenue Authority of Singapore (IRAS) has reduced the Annual Values of over 115,000 private properties in the first quarter of this year. That is almost 100 per cent of the total number of properties reviewed. With the reduction and the 40 per cent property tax rebate announced in this year's Budget, owners of these properties will pay between 45 per cent and 60 per cent less in terms of...