Annual Value revisions
IRAS reviews values using comparable market rents and physical property changes, such as redevelopment. Where value changes, a valuation notice is issued. A fixed existing tenancy does not necessarily prevent a market-based Annual Value adjustment.
Occupancy changes the residential schedule
The infographic illustrates S$36,000 Annual Value: S$960 under the owner-occupier schedule versus S$4,800 when the whole home is let, before any applicable rebate. The example uses rates effective from January 2025. Report moving out or letting as required and apply for lower rates only when the owner actually qualifies.
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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