By MoneyBees
Gross and net rental yield on a shop, office or industrial unit, with 10% property tax, non-residential BSD, GST on the price and rent, and loan interest.
Gross yield is a year's rent divided by the price. Net yield takes off empty months, property tax, management fees, insurance and repairs before dividing. The calculator also shows the yield on everything you paid, stamp duty included.
A flat 10% of the Annual Value. Non-residential property has no owner-occupier rates or progressive bands.
Yes, if the seller is GST-registered: 9% on the price. Sales and leases of residential property are exempt. A GST-registered buyer can usually claim the GST back.
If you are GST-registered, yes: 9% on the rent of non-residential property, which you pay to IRAS. Registration is compulsory once your taxable turnover passes S$1 million a year.
Buyer's Stamp Duty at the non-residential rates: 1% to 4% on the first S$1.5 million and 5% above that. There is no ABSD on non-residential property.
Not on shops and offices. Industrial property bought on or after 12 Jan 2013 carries 15%, 10% or 5% if sold within 1, 2 or 3 years.
No. IRAS allows the 15% deemed expenses only for residential property. For non-residential property you claim the actual rental expenses.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).