Open Question
I am thinking of buying a property for rental yield, can I know how much is the tax for my rental income? Is the tax rate the same for both residential and commercial rental?

Posted by Carol Wang on Mar 13, 2010 in Commercial Property Mortgage | 3040 Views

Latest Answers by Real Estate Professionals (6 Answers)

Mike Tay 郑树荣
2e481616627132_1_V60B
ab8b323264423_1_V60
Contact Agentorangearrow
Answer Posted on Nov 1, 2011
Dear Carol

There are two taxes.

One is property taxes. Prior to 1 Jan 2011, the tax rate was a flat rate of 4%. With effect from 1 Jan 2011, the progressive owner-occupier’s tax rates have replaced the flat 4% tax rate as follows:

Annual Value ($) Tax Rate (%)
First 6,000 0%
Next 59,000 4%
Amount exceeding 65,000 6%

The tax for rental and commerical property is 10% of Annual Value.

The other is rental income. You have to declare this under your annual income to IRAS. You can check below link for the tax rate.

http://iras.gov.sg/irasHome/page04.aspx?id=1190


Please call me at (65)-9745-5178 or email miketayse@hsr.com.sg for any clarification.


Thks & regards,

Mike Tay (郑树荣)

B.Sc. (NUS), EMBA (SUNY)
CEA Reg:R042367C

M: +65 97455178
E: miketayse@hsr.com.sg

HSR International Realtors Pte Ltd
Estate Agent Reg No: L3002226G
 
0%
 
0%
report_abu
Joseph Ong Chee Chuan
defc39340326_1_V60B
4359015314470_1_V60
Contact Agentorangearrow
Answer Posted on Mar 15, 2010
Hi,

According to your question, 4% is for own stay residence and 10% for commewrcial. If you looking for investment, find those property which easy can rental it out with around 4% to 5% yield return.
Need any assistant just drop me an email at joe2ong@yahoo.com.sg or give me a call at 97834542

Rgds
Joseph DWG
Shalom
 
0%
 
0%
report_abu
Veronica Goh
b3290085_1_V60
Contact Agentorangearrow
Answer Posted on Mar 14, 2010
Hi Carol,

I have a few units of rental yield of 4 % to 5+%.
Do give me a ring for more information.

Hear from you soon.

Regards,
Veronica, DTZ
Mobile : 91826319
 
0%
 
0%
report_abu
Huang Xueli
332d315197495_1_V60B
Contact Agentorangearrow
Answer Posted on Mar 14, 2010
Hi Carol,

We have a few new property launches coming up with potentially good rental yield.

Please call or sms me to find out more. Thanks!

Sunantha Huang
Huttons Real Estate Group
Hp: 90023802
Email: sweethomesgyahoo.com.sg
 
0%
 
0%
report_abu
Oliver Ng
35a3f51571346_1_V60B
85d7183158165_1_V60
Contact Agentorangearrow
Answer Posted on Mar 14, 2010
Hi Carol, tax is 4% for own stay residence & 10% for commercial. I have quite afew properties available for sale so please call or SMS me to find out more. Thanks, Oliver (96619687)
 
0%
 
0%
report_abu
Catherine PANG
d3d6256571237_1_V60B
14411916441490_1_V60
Contact Agentorangearrow
Answer Posted on Jan 25, 2011
Consider to Invest in SOHO,Rental yield can take care fo your tax issues. Traffic Oriented Development , c/w Toilet shower and Kitchen, 2nd level loft, Clark Quay NE5 MRT, Good Rental Traffic/New business concept/call NOW..96804288 www.catherinepang.com
 
0%
 
100%
report_abu

Ask a Question

Search Questions & Answers

Browse Questions by Categories

Advertising on CommercialGuru.com.sg (24) Allowed Commercial Businesses (13) Commercial Property - Industrial (121) Commercial Property - Office Space (110) Commercial Property - Retail Space (312) Commercial Property Agents (6) Commercial Property Deco & Reno (2) Commercial Property Legal Advice (20) Commercial Property Market (24) Commercial Property Mortgage (9) Investing in Commercial Property (89) Using CommercialGuru.com.sg (6)