Rental income tax calculator Singapore
Rent from a property is taxed as income after allowable expenses. For a residential property, an individual may deduct 15% of the gross rent as deemed expenses instead of the actual costs, and still deduct the mortgage interest. Non-residential property must claim actual expenses.
Rules last changed on 1 January 2015.
Work out your taxable rent
- Net rent with actual expenses
- S$31,500
- Net rent with deemed expenses (S$7,200)
- S$31,300
Deemed expenses give the lower taxable rent. The net rent is added to your other income and taxed at your personal rates.
Rules used for 2 October 2026
- Deemed expenses of 15% of the gross rent of a residential property, plus actual mortgage interest, in place of actual expenses, in force from 1 January 2015 (source)
Current rates
| Property | Expenses deducted |
|---|---|
| Residential | 15% of gross rent, or actual expenses; mortgage interest either way |
| Non-residential | Actual expenses and mortgage interest |
The same choice applies to all of one person's tenanted residential properties in a year. Deemed expenses are not available if no deductible expense was incurred, or for rent through a partnership or a trust.
A worked example
IRAS works this case (Paragraph 5.2, Mr X, actual amount of expenses): a residential property let for S$48,000 in the year, with S$9,500 of mortgage interest. With actual expenses of S$7,000, the net rent taxed is S$31,500.
Source: IRAS e-Tax Guide, Simplification of Claim of Rental Expenses for Individuals (Third Edition, 30 January 2026), Paragraph 5.2, Mr X, actual amount of expenses.
Rule history
Every published version of the rules this calculator uses, with the date it took effect.
Rental income tax
Chosen by: The year the rent is earned: the rule applies from Year of Assessment 2016, that is to rent earned from 1 January 2015.
- From 1 January 2015In force todayDeemed expenses of 15% of the gross rent of a residential property, plus actual mortgage interest, in place of actual expensesPrimary source
Not modelled before 1 January 2015.
Questions
What are deemed rental expenses?
15% of the gross rent of a residential property, which IRAS allows in place of actual expenses such as property tax, maintenance and insurance. Mortgage interest is deducted on top.
Can I use deemed expenses for one property and actual expenses for another?
Not for residential properties in the same year: the choice applies to all of them. Rent from non-residential property always deducts actual expenses.
Is net rent the tax payable?
No. Net rent is added to your other income and taxed at your personal income tax rates, after reliefs.
Is this calculator advice?
No. It applies the published rates to the figures you enter. Confirm with IRAS, your lawyer or your lender before you commit.
Estimates only, from the published rules in force on the date you enter. Confirm with IRAS or your lawyer before you transact. All calculators