Key requirements
Singapore sale or lease is generally taxable except qualifying residential property, identified by approved use and the relevant land conditions. Movable furniture and fittings can remain taxable even within residential premises. Brokerage fees are taxable services, and their treatment differs from the underlying property. Mixed-use transactions need a supported split. Businesses with exempt property activity should consider restricted input recovery and reverse charge on imported services or low-value goods. Keep approvals, sale or lease terms and the furniture valuation. Do not classify a commercial unit as residential solely because someone currently lives there contrary to its approved use.
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 ↗