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Hi, assuming i buy a second property but kept my hdb to rent out. This would mean that my hdb is subject to two taxes - 10% property tax since not staying there, and personal income tax on rental income right? Tks!
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1 Answer

Mike Lim
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Evening Sk,

You are right. If you choose to stay in condo, you need to register your intention, so as to get 4% property tax for the property which you are staying in.
As for the HDB, being your second property, it will incurred 10% property tax. And to rent it out, you are to register it, hence incurring income tax.

FYI
Mike Lim
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