02 Dec '11, 12pm

One- and two-room owner-occupiers of HDB flats will continue to pay zero property tax in 2012

SINGAPORE - All one- and two-room owner-occupiers of HDB flats will continue to pay zero property tax in 2012, while those in three-room flats will on average pay roughly the same tax as last year. Four- to five-room flats will pay S$5 to S$29 more for the year. This comes after the Annual Values (AV) of HDB flats are revised upwards with effect from 1 January 2012 to reflect the rise in market values. To mitigate the increase in the property tax payable by lower- and middle-income households as a result of the AV revision, the government will give a one-off rebate of S$55 to owner-occupied HDB flats. This will enable three-room flat owners to see little change in property tax payable despite higher flat values. It will also reduce the increase in tax payable for four- and five-room flat owners. 94% of all HDB flat owners would receive the rebate. The Inland Revenue Author...

Full article: http://www.todayonline.com/Singapore/EDC111202-0000182/Re...

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