Property owners should update IRAS about changes to their properties on time to avoid unnecessary penalties.
On this page:
Obligation to Update IRAS
To enable the Chief Assessor/Comptroller of Property Tax to accurately assess your property tax liability, property owners (or their representatives) are required to update IRAS with information pertaining to their property.
Penalty for Failure to Update IRAS
According to S19(13) of the Property Tax Act, a fine of not exceeding $5,000 will be imposed on any person who fails to duly inform the Chief Assessor/Comptroller of Property Tax of any of the events below.
Events Requiring Updates
In the following events, property owners (or their representatives) must fulfill their obligations to update IRAS.
Sale or Transfer under Section 19(1)
Persons Responsible | Time from event | Inform us |
|---|---|---|
Vendor or transferor | Within 1 month after sale or transfer |
For details, please refer to Selling my Property.
Completion of Demolition under Section 19(7)
Persons Responsible | Time from event | Inform us |
|---|---|---|
Owner | Within 15 days from the completion of demolition |
|
For details, please refer to Demolishing or Rebuilding my Property.
Rental of Property under Section 19(9)
You must inform IRAS within 15 days after letting out your property. You do not need to update us if the tenancy agreement has been e-Stamped via our e-Stamping Portal within 15 days after the letting of your property.
| Persons Responsible | Time from event | Inform us |
|---|---|---|
Owner | Within 15 days after letting out of the property |
For details on Property Tax relating to letting out your property, please refer to Renting out my Property. For details on Stamp Duty on leases of properties, please refer to Renting a Property.
Increase in Rental Sum Charged under Section 19(9)
You must inform IRAS within 15 days after you increase the rent or rental charges (i.e. furniture, maintenance and service). You do not need to update IRAS if the document has been e-Stamped via our e-Stamping Portal within 15 days after the increase.
Persons Responsible | Time from event | Inform us |
|---|---|---|
Owner | Within 15 days after the increase |
Cessation of Owner-Occupation under Section 19(11)
Persons Responsible | Time from event | Inform us |
|---|---|---|
Owner | Within 15 days of ceasing to occupy the property |
For details, please refer to Moving out of my Property.