BI CFO / Singapore / Singapore rental income tax

Singapore rental income tax

Net rental income and the extra tax it adds, using the 15% deemed expenses or your actual expenses.

Enter your figures to see the result.

Not sure what applies to you?

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What are deemed rental expenses?

Individuals can claim 15% of gross rent as expenses without receipts, and still deduct mortgage interest on the property.

Can I claim actual expenses instead?

Yes. You can claim actual deductible expenses with records instead of the 15%; mortgage interest is deductible either way.

How do joint owners declare rent?

Each owner declares their share of the rent and expenses, usually by ownership share.

For education only. Resident individuals; rental losses, furnished-room rules and property tax refunds are not modelled. Not tax advice.