Rental income tax calculator for Singapore

Rent is taxed as part of your income. You can deduct either deemed expenses of 15 % of the gross rent plus mortgage interest, or your actual expenses with receipts. Deemed expenses save you from keeping records of small costs.

Net rent is added to your other chargeable income and taxed at resident rates from 0 % to 24 %. We show the extra tax the rent causes. For YA 2025 the extra part of the 60 % rebate, capped at $200, is shown as its own line.

You also pay property tax on a home you do not live in. It is based on the annual value IRAS sets: 12 % on the first $30,000, 20 % up to $45,000, 28 % up to $60,000 and 36 % above. Under actual expenses, property tax is deductible from the rent.

• You are a tax resident and own the property alone. Joint owners split rent and expenses by their share.
• Other chargeable income is your income after reliefs, before rent.
• With deemed expenses you claim 15 % of gross rent plus mortgage interest and nothing else. With actual expenses you claim mortgage interest, property tax and the other costs you enter.
• Annual value is set by IRAS. If you leave it as the rent, the property tax is an estimate.
• Property tax uses the non-owner-occupied residential rates in force since 1 January 2024.
• A rental loss is not set against other income here.

How much tax do I pay on $36,000 of rent?

With $6,000 of mortgage interest and deemed expenses, net rent is $24,600. On top of $50,000 of other chargeable income, the extra income tax for YA 2026 is $1,722. Property tax on a $36,000 annual value is $4,800.

Should I choose deemed or actual expenses?

Choose actual expenses if your costs other than mortgage interest are more than 15 % of the rent. Property tax counts as an actual expense, so it often tips the balance.

Do I pay tax on renting out a room in my home?

Yes. Rent from a room is taxable in the same way. Your home keeps the owner-occupier property tax rates if you still live in it.

When is property tax due?

IRAS sends the bill in December. Property tax for the year is due by 31 January, or you can pay by GIRO in up to 12 instalments.

• www.iras.gov.sg/media/docs/default-source/e-tax/e-tax-guide_iit_simplification_of_claim_of_rental_expenses_for_individuals.pdf
• www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/what-is-taxable-what-is-not/income-from-property-rented-out
• www.iras.gov.sg/taxes/property-tax/property-owners/property-tax-rates
• www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-residency-and-tax-rates/individual-income-tax-rates