Rental Income Tax Calculator Singapore (2026)
Calculate your tax on rental income after deducting allowable expenses.
What is the Rental Income Tax Calculator?
The Rental Income Tax Calculator estimates how much income tax you owe on rental earnings from Singapore property. It deducts allowable expenses (mortgage interest, property tax, maintenance) from gross rent and applies the IRAS progressive tax rates on your net rental income.
Result updates as you type
Additional tax from rental
$3,564.96
Marginal rate: 11.5%
Net rental
$31,000
Total assessable
$111,000
Tax on total
$6,914.89
Tax without rental
$3,349.93
Disclaimer
This calculator provides tax estimates and should not be viewed as a final assessment. Actual tax payable may vary due to reliefs, deductions, and YA-specific rules not covered here. It is not intended to be your sole source of financial guidance.
Rates last verified: 4 Apr 2026.
Verify with IRAS (https://www.iras.gov.sg). Full disclaimer at smartcalculator.sg/disclaimer.
Quick Reference
- • Net rental income is added to your total assessable income for tax
- • Deductible: mortgage interest, property tax, insurance, maintenance, agent fees
- • Not deductible: mortgage principal, renovation costs, furniture purchases
- • Non-residents pay 24% flat rate on net rental income
Who This Calculator Is For
HDB Flat Owners Renting Out Rooms
Rental income from HDB rooms is taxable. Allowable deductions include maintenance fees and property tax. Mortgage interest on HDB loans is not deductible.
- Rental income: declared in annual tax return
- HDB loan interest: not deductible
- Deductible: property tax and maintenance
- Furnishing: claimed as depreciation over useful life
Private Property Landlords
Rental income from private property is taxed after allowable deductions. Mortgage interest is deductible only for investment properties (not owner-occupied).
- Mortgage interest: deductible for investment properties
- Agent commission: and advertising costs deductible
- Repairs & maintenance: deductible
- Fire insurance: premiums deductible
Non-Resident Landlords
Tenants renting from non-resident landlords must withhold 24% tax and remit to IRAS. Non-residents cannot claim personal reliefs against rental income.
- Withholding tax: 24% of gross rental income
- Withheld by: tenant, remitted to IRAS
- No reliefs: non-resident cannot claim personal reliefs
- Deductible expenses: may reduce withholding tax base
How Rental Income Tax Works
Rental income in Singapore is treated as assessable income and added to your other sources of income (employment, trade, etc.) for tax purposes. Tax is calculated on your net rental income — gross rent minus allowable deductions.
You can deduct expenses that are wholly and exclusively incurred in producing the rental income. This includes mortgage interest, property tax, maintenance costs, fire insurance, and agent commissions.
For non-residents, rental income is taxed at a flat 24%. Residents pay tax at progressive rates. If you have multiple rental properties, the net income from all properties is combined.
Deductible Expenses
Rental Income Deductions: HDB vs Private Property
The key difference is mortgage interest — deductible for private investment properties but not for HDB flats (where mortgage interest is via HDB or CPF, not a bank loan).
| Deduction | HDB Flat | Private Property |
|---|---|---|
| Mortgage interest | Not deductible (HDB loan) | Yes — if not owner-occupied |
| Property tax | Yes — deductible | Yes — deductible |
| Maintenance/sinking fund | Yes | Yes |
| Furniture depreciation | Yes (if furnished) | Yes (if furnished) |
| Agent commission | Yes | Yes |
| Renovation costs | Deductible over useful life | Deductible over useful life |
HDB flat owners with bank loans (rare) may claim mortgage interest. The restriction applies specifically to HDB concessionary loans and CPF housing grants used to finance the flat.
Frequently Asked Questions
How is rental income taxed in Singapore?expand_more
Rental income is added to your total assessable income and taxed at the applicable progressive income tax rates for residents (0% to 24%). For non-residents, rental income is taxed at a flat rate of 24%. You must declare all rental income in your annual tax filing with IRAS.
What expenses can I deduct from rental income?expand_more
Deductible expenses include: mortgage interest (not principal repayment), property tax, fire insurance, maintenance and repair costs, agent commission, and advertising costs for finding tenants. Capital expenses like renovation costs and furniture purchases are generally not deductible.
How do I calculate net rental income?expand_more
Net rental income = Gross rental income - Allowable expenses. For example, if your annual rent is $36,000 and you have $12,000 in deductible expenses (mortgage interest, property tax, maintenance), your net rental income is $24,000. This $24,000 is added to your other income for tax purposes.
Can I claim mortgage principal repayments as a deduction?expand_more
No. Only mortgage interest payments are deductible against rental income, not the principal repayment portion. The interest must be on a loan used to purchase or improve the rental property. If the property is partly owner-occupied and partly rented, only the interest attributable to the rented portion is deductible.
Do I need to pay property tax separately from rental income tax?expand_more
Yes. Property tax (based on Annual Value) and income tax on rental income are two separate taxes. Property tax is payable annually to IRAS regardless of whether the property is rented out. Income tax on rental income is an additional tax on the profit you earn from renting. However, the property tax paid is deductible as an expense against your rental income.
Sources
- • IRAS (iras.gov.sg) — Rental income tax treatment, deductible expenses, and non-resident rates
- • IRAS — Allowable deductions for rental property owners