Understanding The Property Tax Rebate For Non-Residential Properties in 2020

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Property Tax Rebate For Non-Residential Properties

As part of the Resilience Budget, qualifying non residential properties are granted property tax rebate for the period of 1 Jan 2020 to 31 Dec 2020.

Some properties are granted tax rebate up to 100% on their property tax payable. However, landlord are expected to fully pass on this rebate to their tenants in an effort to help ease the cash flow pressure faced by the tenants during this difficult times.

Landlords of qualifying properties can expect to receive their refunds by 30 Jun 2020.

So for the tenants, do exercise patience and get in touch with your landlord on the rebate off your current lease agreement from July onwards.

If you are wondering how much property tax rebate each type of non-residential property is eligible for, below is a table as a reference.

The rebate is 100% of the property tax payable for:

  • Hotel room or function room of a hotel registered under the Hotels Act (“registered hotel”);
  • Serviced apartment or serviced apartment function room;
    Meetings, Incentive Travel, Conventions and Exhibitions (MICE) venues, namely Suntec Singapore Convention and Exhibition Centre, Singapore EXPO, and Changi Exhibition Centre; Premises of an international airport i.e. Singapore Changi Airport;
  • Premises of a prescribed international cruise or regional ferry terminal, namely Singapore Cruise Centre, Marina Bay Cruise Centre Singapore, and Tanah Merah Ferry Terminal;
  • Shops (e.g. retail) and restaurants, including those within hotels, serviced apartments, the prescribed MICE venues as well as those in office, industrial, residential and mixed-use developments;
  • Premises of tourist attractions (e.g. Singapore Zoological Gardens, Singapore Flyer and Haw Par Villa)

The two integrated resorts namely Marina Bay Sands and Resorts World Sentosa will get a property tax rebate of 60%.

For the other non-residential premises, the tax rebate will be 30%.

No rebate shall be given for vacant land or land under redevelopment or any part of the non-residential premise that is used for any residential purpose.

No action is required on the property owners’ part. IRAS will inform owners of qualifying properties on their property tax rebates by 31 May 2020.

For more details, you can click here to access IRAS e-tax guide.

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