Property-Related Taxes in Singapore

Non-residents are taxed in Singapore only on income sourced within Singapore. Married couples are generally assessed separately.

Non-resident individuals are taxed at flat rates depending on the income type. Employment income is taxed at 15%, while other income, including rental income, is generally taxed at 24%. Singapore does not levy capital gains tax.

Property holding tax is charged annually based on the property's annual rental value, with progressive rates for owner-occupied homes. Foreign owners are subject to an additional 10% property tax surcharge. Corporate income is taxed at a flat rate of 17%. Property transaction costs in Singapore are high, particularly for foreign buyers, with round-trip costs that can exceed 80% due to stamp duties.

Annual Property Tax

Property tax in Singapore is levied annually on immovable property based on a percentage of the property's annual rental value, as assessed by the authorities.

Property Tax Rates for Owner-Occupied Properties (2026)

Foreign property owners are subject to an additional property tax surcharge of 10%, applied on top of the standard property tax rates.

Income Tax

Income tax for non-residents is levied at flat rates, depending on the nature of the income. Employment income earned by non-residents is taxed at a flat rate of 15%. All other income earned by non-residents, including rental income, is generally taxed at a flat rate of 24%.

In certain cases, employment income may be taxed either at the flat 15% rate or at resident progressive rates with applicable personal reliefs, whichever results in the higher tax liability.

Rental Income Tax

Rental income earned by non-resident individuals is generally taxed at a flat rate of 24%. Rental income is treated as part of taxable income and does not benefit from progressive tax bands for non-residents.

Capital Gains Tax

Singapore does not impose capital gains tax. Gains derived from the sale of real estate are therefore not subject to capital gains tax, provided the transaction is not considered trading income.

Corporate Taxation in Singapore

Income and capital gains earned by companies are subject to corporate income tax at a flat rate of 17%. Expenses incurred wholly and exclusively in the production of income are generally deductible when calculating taxable income.

Rental income received by companies is treated as business income and taxed at the corporate income tax rate.

Property Buying Costs and Transaction Taxes in Singapore