Property tax

Singapore grants one-off property tax rebate for all owner-occupiers in 2026

Owners of one and two-room HDB flats will still be exempted from property tax

When a new packaging tax is also taken into account, the retail industry says it has faced a rise of £7 billion in annual costs, driving up prices.

Up to 400 large UK stores at risk of closure from property tax hike: BRC

The government has proposed higher business rates, or commercial property taxes, on sites with a rateable value of over £500,000

Property prices in major cities in Vietnam have been soaring due to a limited new supply and speculative buying, making them unaffordable for most residents.

Vietnam mulls overhaul of property transfer tax, sparks fears of stalling recovery

The drafted rule charges a 20% tax on net profit from real estate transactions, or 10% of the sale price for properties owned for under two years

Rachel Teo, on an episode of the PropertyBT podcast, said: "Tax policies need to strike a balance between economic competitiveness, social equity and long-term sustainability.”

Introducing inheritance tax can stymie entrepreneurism, warns property leader Rachel Teo

She also describes how a digital platform she co-founded lets people access fractional property opportunities

Hong Kong’s real estate industry has been suffering from a prolonged downturn for more than three years due to expensive borrowing costs, a weak economy and oversupply of homes.

Hong Kong to reduce property tax for low-end home transactions

Residential units valued at HK$4 million (S$688,292) or below will be subject to the minimum stamp duty bracket at HK$100

Higher property taxes can impose undue financial and emotional burdens on asset-rich but cash-poor retirees, says the writer.
LETTER TO THE EDITOR

Property tax should not be conflated with wealth tax

I READ with great interest Leslie Yee’s commentary “Don’t spare asset-rich, cash-poor private homeowners from paying higher property taxes” (BT, Jan 13), but I must respectfully disagree with his opin...

If property taxes need to rise in future, owner-occupiers of pricier homes such as landed units may face large tax bills.
THE LEVEL GROUND

Don’t spare asset-rich, cash-poor private homeowners from paying higher property taxes

If needed, property tax rises for elderly owner-occupiers can accrue as an amount payable

The annual value bands of the owner-occupied residential property tax rates will be raised from Jan 1, 2025.

One-off property tax rebate in 2025 for owner-occupiers to soften cost-of-living pains

A rebate of 20% will be given to owner-occupied HDB flats; owner-occupied private residential properties will get a 15% rebate, capped at S$1,000

The  Inland Revenue Authority of Singapore notes that the number of tax residents with chargeable incomes of more than S$1 million continues to rise.

After 17% surge in last fiscal year, Singapore’s tax revenue expected to rise at slower pace in FY24/25

New top-up corporate taxes will not affect revenue just yet; higher personal income taxes from top earners may also not be significant