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Rental Income Tax Calculator

Estimate your Singapore income tax on rental property income for Year of Assessment 2026, after allowable deductions.

Inputs

SGD
SGD
SGD
SGD
SGD
Deductible expenses: mortgage interest (fully deductible for investment property), property tax, fire insurance, repairs and maintenance, agent's commission, and depreciation of furniture/fittings (over 3 years). Capital expenditure (renovations that improve the property) is not deductible. A 15% deemed rental expense option is also available for residential properties instead of actual expenses (excluding mortgage interest).

Tax on Rental Income

Extra income tax from rental profit
S$0

How rental income is taxed in Singapore

Rental income is added to your total chargeable income and taxed at Singapore’s progressive rates. Unlike some countries, Singapore allows full deduction of mortgage interest on investment (non-owner-occupied) property — not just a credit. This makes rental property more tax-efficient for higher-bracket taxpayers.

For residential properties, IRAS allows a simplified 15% deemed expense deduction on gross rental income (excluding mortgage interest and property tax, which are claimed separately). If your actual non-interest expenses are less than 15% of gross rent, the deemed deduction is more beneficial.

Note that Singapore has no capital gains tax, so gains from selling the property are generally not taxed (unless the gains are considered trading income by IRAS based on frequency and intent of transactions).

FAQ

Is mortgage interest fully deductible in Singapore?
Yes — for non-owner-occupied investment properties, the full mortgage interest is deductible against rental income. This is more generous than many other countries (e.g. UK restricts mortgage interest to a 20% credit). However, if you live in the property yourself for part of the year, only the interest attributable to the rented portion is deductible.
What is the 15% deemed expense deduction?
For residential rental properties, IRAS allows you to claim 15% of gross rent as a deemed deduction for expenses (excluding mortgage interest and property tax). You choose: either the deemed 15% or actual deductible expenses — whichever is more beneficial. You cannot claim both.
Do I need to declare rental income?
Yes — all rental income must be declared in your annual income tax return to IRAS. If you rent out part of your home (HDB or private), only the income from the rented rooms is taxable. Renting your entire property means all rental income is taxable.
Are there restrictions on renting out HDB flats?
Yes — HDB has specific rules: Singapore Citizens must have owned the flat for 5 years (MOP) before renting out the whole flat; PRs for 3 years. Short-term rentals (fewer than 3 consecutive months) are not allowed in HDB flats. These HDB rules are separate from the income tax treatment.