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.
Enter details and click calculate
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
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
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