Property tax for HDB flats to increase from Jan


ninelives

Senior Member
Jan 16, 2002
3,247
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BB
ninelives.clubsnap.org
#1
;(

SINGAPORE - Owner-occupiers of three-room HDB flats or bigger are set to face an increase of $40 to $50 in property tax in 2013.

Lower and middle income owner-occupiers of such flats will be given a one-off rebate of $40 to mitigate the increase in property tax. This will be automatically offset against the property tax payable in 2013.

The increase in property tax comes after the January 2013 revision of Annual Values (AVs) of HDB flats to reflecting the rise in market rentals.

This rebate will not apply to flats which are not owner-occupied. These are currently taxed at 10 per cent.

The AV, which is calculated by the Inland Revenue Authority of Singapore (IRAS) annually, is used as a basis to compute the property tax payable.

It is based on the estimated annual market rent of a property if it were to be let out.

For owner-occupied homes, property tax is calculated based on concessionary tax rates of zero per cent for the first $6,000 of the AV, four per cent for the next $59,000, and 6 per cent for any AV amount exceeding $65,000.

As a result, all one and two-room HDB owner-occupiers will not need to pay any property tax in 2013 as their revised AVs remain below $6,000.

IRAS said today that market rentals of HDB flats have risen by eight to 13 per cent since the last AV revision in January 2012.

Owner-occupiers of three-room flats will now be expected to pay between $44 to $92 in annual property tax after the $40 rebate. This is a $44 to $51 increase from the $0-$41 payable in tax in 2012.

The majority of 4-room owner-occupied HDB Flats will see an increase of $39 to $51 in property tax after the rebate. They are expected to pay about $128 to $176 in property tax for 2013.

After the rebate, five-room owner-occupied flats will be billed $164 to $212 in property tax next year. This is a $39 to $51 increase from their property tax bills in 2012.

For Executive Flats, an increase of $39 to $51 is expected as the property tax for owner-occupiers will range from $188 to $236.

HDB flat owners will receive their property tax notices and bills by the end of 2012. The deadline for payment is set at January 31, 2013.

Owners facing financial difficulties can contact IRAS before the due date to discuss a suitable payment plan.

An e-Tax Guide on 'Revision of Annual Values for HDB Flats from 1 January 2013' can be found in www.iras.gov.sg.

Taxpayers can find out more from IRAS by calling 1800-356 8300 or e-mailing IRAS at propertytax@iras.gov.sg.


:angry:
 

fotoudavid

Senior Member
Mar 11, 2005
2,157
3
38
#2
The people who set this and that are so smart. please increase their pay.
 

Yutaka Go

Senior Member
May 22, 2010
983
7
18
SG
#3
Government take the lead to drive up inflation :(
 

s1221ljc

New Member
May 7, 2006
821
1
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#4
When it comes to imposing & collecting taxes, our government is world class, the best in the world, utterly fast & efficient! Even if we dont rent out our rooms/house nor earn a cent from it, we pay for these taxes based on increasing "market rentals". What to do? No can protest.
 

Last edited:

Halfmoon

Senior Member
Feb 26, 2005
4,590
6
0
Hougang, Singapore.
#6
So the money collected from the increase of property tax goes to whom?

It should eventually flow back to the pockets of the tax payers. :)
In Europe... lets say Denmark, they pay a very high tax, but the people knows it is going back to them though the education, and health care...

In Sg... market subsidy for HDB?? What is that??? So many indirect taxes, and though the income tax rate does appears low, it is not reflective of the whole situation... of the tax being paid by individual.

VAT are exempted from necessity goods, like food... GST... all is chargable.........

Well.. that's why they are paid millions!!!
 

legiz

New Member
Apr 17, 2006
294
0
0
#7
i just got mine,sgd188 after rebate
 

kei1309

Senior Member
Apr 12, 2010
7,312
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Earth
www.facebook.com
#9
ridiculous. the HDB dwellers are staying on the same plot of land as hundreds of others.

how much are landed property owners being taxed? we who are staying in HDB flats should not have to pay more than/equal to landed property owners as we're sharing the same vertical area as others.
 

Jun 11, 2009
741
0
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31
Singapore
#10
Expected.

Well, can't blame the goverment if you had voted for the men in white.
 

#11
ridiculous. the HDB dwellers are staying on the same plot of land as hundreds of others.

how much are landed property owners being taxed? we who are staying in HDB flats should not have to pay more than/equal to landed property owners as we're sharing the same vertical area as others.
Shocking, the pro-regime Kei decided to make a full 180° about turn on his opinion. No longer "touching your heart"? What gives? :bsmilie:
 

melvin

Senior Member
Jun 4, 2005
2,681
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43
TPY
#12
;(

SINGAPORE - Owner-occupiers of three-room HDB flats or bigger are set to face an increase of $40 to $50 in property tax in 2013.

Lower and middle income owner-occupiers of such flats will be given a one-off rebate of $40 to mitigate the increase in property tax. This will be automatically offset against the property tax payable in 2013.

The increase in property tax comes after the January 2013 revision of Annual Values (AVs) of HDB flats to reflecting the rise in market rentals.

This rebate will not apply to flats which are not owner-occupied. These are currently taxed at 10 per cent.

The AV, which is calculated by the Inland Revenue Authority of Singapore (IRAS) annually, is used as a basis to compute the property tax payable.

It is based on the estimated annual market rent of a property if it were to be let out.

For owner-occupied homes, property tax is calculated based on concessionary tax rates of zero per cent for the first $6,000 of the AV, four per cent for the next $59,000, and 6 per cent for any AV amount exceeding $65,000.

As a result, all one and two-room HDB owner-occupiers will not need to pay any property tax in 2013 as their revised AVs remain below $6,000.

IRAS said today that market rentals of HDB flats have risen by eight to 13 per cent since the last AV revision in January 2012.

Owner-occupiers of three-room flats will now be expected to pay between $44 to $92 in annual property tax after the $40 rebate. This is a $44 to $51 increase from the $0-$41 payable in tax in 2012.

The majority of 4-room owner-occupied HDB Flats will see an increase of $39 to $51 in property tax after the rebate. They are expected to pay about $128 to $176 in property tax for 2013.

After the rebate, five-room owner-occupied flats will be billed $164 to $212 in property tax next year. This is a $39 to $51 increase from their property tax bills in 2012.

For Executive Flats, an increase of $39 to $51 is expected as the property tax for owner-occupiers will range from $188 to $236.

HDB flat owners will receive their property tax notices and bills by the end of 2012. The deadline for payment is set at January 31, 2013.

Owners facing financial difficulties can contact IRAS before the due date to discuss a suitable payment plan.

An e-Tax Guide on 'Revision of Annual Values for HDB Flats from 1 January 2013' can be found in www.iras.gov.sg.

Taxpayers can find out more from IRAS by calling 1800-356 8300 or e-mailing IRAS at propertytax@iras.gov.sg.


:angry:
Shouldn't have increase ppty tax for owner-occupied HDB Flats as they are not earning a single cent from it!
 

melvin

Senior Member
Jun 4, 2005
2,681
0
0
43
TPY
#13
In Europe... lets say Denmark, they pay a very high tax, but the people knows it is going back to them though the education, and health care...

In Sg... market subsidy for HDB?? What is that??? So many indirect taxes, and though the income tax rate does appears low, it is not reflective of the whole situation... of the tax being paid by individual.

VAT are exempted from necessity goods, like food... GST... all is chargable.........

Well.. that's why they are paid millions!!!

Nowadays what subsidy rate? Where got subsidy rate when they price their price just next to the resale market price?! Don't think that is subsidise price!!!
 

Yutaka Go

Senior Member
May 22, 2010
983
7
18
SG
#16
Expected.

Well, can't blame the goverment if you had voted for the men in white.
I didn't vote for them so I must blame them :bsmilie:

With all the goodies given out during election, these increase are in the drawing board right after election.
 

Halfmoon

Senior Member
Feb 26, 2005
4,590
6
0
Hougang, Singapore.
#19
Nowadays what subsidy rate? Where got subsidy rate when they price their price just next to the resale market price?! Don't think that is subsidise price!!!
I know..... we peasants are supposed to listen to them and believe only in the truth from them. What they say is nothing but the truth.....

I am from 40%.
 

Halfmoon

Senior Member
Feb 26, 2005
4,590
6
0
Hougang, Singapore.
#20
ridiculous. the HDB dwellers are staying on the same plot of land as hundreds of others.

how much are landed property owners being taxed? we who are staying in HDB flats should not have to pay more than/equal to landed property owners as we're sharing the same vertical area as others.
If no increase from tax, not enough to show that Sg economy is robust n they will not qualify for multi months bonus.... for they selves.....

Hdb dwellers deserved it for being hdb dwellers. Blame yourself for not being a smart as them.
 

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