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Good morning Gin,

Are you buying an unit for own stay or investment?

If you are buying for investment, there are deductible expenses for rental income:
https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/what-is-taxable-what-is-not/income-from-property-rented-out

Hope my sharing aids in your property needs. Do contact me if you need any assistance.

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!

Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi, appreciate your sharing. Able to check out on IRAS website for more info.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi Gin,

You may wish to check tax matters with IRAS. Read More

In Singapore, renovation expenses and the cost of rebuilding a house generally don't qualify for direct tax relief on your income tax or property tax.
Tax relief is available only for expenses related to investment properties intended for renting out which generally consist of a list of deductible items. Read More

IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More