Notify IRAS and supply project records
Inform IRAS through myTax Mail within 15 days of demolition or removal of all or part of a building. Be ready to provide vacancy and demolition dates, expected completion, BCA permits, URA permissions, plot ratio, any Land Betterment Charge liability order, and a site plan when requested.
Valuation after demolition
The land annual value is assessed at 5% of its estimated freehold market value and taxed at the non-residential rate of 10%. This can differ substantially from the former building assessment. Individual owners rebuilding for owner-occupation should check the landed-property remission conditions rather than assume the former concession continues.
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.
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