Before the transfer
Arrange a legal requisition to identify outstanding property tax, settle arrears and have the lawyers apportion current-year tax privately. The seller’s lawyer notifies IRAS within one month of transfer. For newly completed premises, liability begins at TOP rather than the later billing date.
After acquisition
Review the ownership acknowledgement and ensure the personal identity-card address or company ACRA address is current. Offices, shops and factories use the non-residential rate whether let, vacant or used by the owner. Check any outstanding balance and arrange payment by the notice deadline; all co-owners share responsibility. Renting the premises or buying them may also create separate income-tax, GST or stamp-duty considerations.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official source ↗