Optimize Your Real Estate Tax Liabilities in Singapore
At Velovo, we provide expert guidance on property tax matters, helping individuals and businesses minimize tax burden while maintaining full compliance with Singapore's regulatory framework.
Navigating Singapore's complex property tax landscape requires expertise and strategic planning. Our specialized services are designed to address the unique tax challenges faced by property owners.
Expert guidance on tax obligations for homeowners and residential property investors. We help you understand and optimize your Annual Value assessments, tax rates, and available exemptions or reliefs.
Our consultants stay current with the latest regulations affecting owner-occupied and investment residential properties, ensuring you receive the most advantageous tax treatment possible.
Learn MoreStrategic tax planning for office buildings, retail spaces, and mixed-use developments. Our approach considers all aspects of commercial property taxation to identify opportunities for tax efficiency.
We analyze comparable property values, review valuation methods, and prepare comprehensive documentation to support optimal tax outcomes for your commercial real estate assets.
Learn MoreSpecialized consultation for factories, warehouses, and other industrial facilities. We navigate complex industrial property classifications to ensure accurate tax assessment.
Our industrial property tax specialists understand the unique characteristics of industrial assets and help clients leverage available incentives for manufacturing, logistics, and industrial operations.
Learn MoreProfessional representation in property tax objections and appeals. We develop robust strategies to challenge excessive valuations and inappropriate assessments.
Our consultants have a strong track record of successful appeals before Singapore's tax authorities, with extensive experience negotiating favorable settlements and achieving significant reductions in tax liabilities.
Learn MoreGuidance on Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD). We help structure transactions to achieve tax efficiency.
Our pre-acquisition and pre-disposition tax planning services ensure you understand the full tax implications before completing property transactions, potentially saving substantial amounts.
Learn MorePredictive analysis of future tax liabilities for accurate financial planning. Our models incorporate upcoming regulatory changes and market trends.
We provide detailed multi-year tax projection reports that assist with budgeting, investment decision-making, and development of long-term property portfolio strategies aligned with your financial objectives.
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Methodology designed to maximize tax efficiency while ensuring full compliance
We begin with a thorough evaluation of your property portfolio, existing tax situation, and financial objectives. This detailed analysis forms the foundation for developing tailored tax strategies that align with your specific circumstances and goals.
Based on our assessment, we formulate a strategic tax plan that identifies opportunities for tax efficiency while ensuring compliance with all relevant regulations. Our strategies incorporate both immediate tax-saving measures and long-term planning to adapt to evolving tax landscapes.
We assist with the practical implementation of recommended strategies, ensuring all necessary documentation is properly prepared and maintained. This meticulous approach provides a strong foundation for tax positions and supports any potential discussions with tax authorities.
Tax regulations and property markets evolve continuously. We provide regular reviews of your tax position, proactively identifying new opportunities and adapting strategies to address changing circumstances, ensuring your property tax approach remains optimal over time.
Our specialized knowledge in Singapore property taxation delivers tangible results
Our team maintains comprehensive understanding of Singapore's property tax regulations, including the Property Tax Act, Stamp Duties Act, and related legislation. We continuously monitor policy changes, case law developments, and IRAS guidelines to ensure our advice reflects the current regulatory environment.
Accurate property valuation forms the basis of fair taxation. Our consultants employ sophisticated valuation methodologies and maintain extensive databases of comparable properties to challenge inappropriate assessments and establish defensible property values for tax purposes.
Effective representation requires both technical knowledge and negotiation expertise. Our consultants have established productive working relationships with tax authorities while maintaining the assertiveness needed to advocate effectively for our clients' interests in discussions and formal proceedings.
Beyond tactical tax matters, we provide strategic guidance that integrates property tax considerations into broader investment and business decisions. Our holistic approach ensures that tax efficiency supports rather than dictates your property strategy, maximizing overall financial outcomes.
Our track record speaks for itself
Over the past 15 years, Velovo has consistently delivered significant tax savings and successful outcomes for our clients across all property sectors.
Our consultants have successfully reduced property tax assessments, resolved complex disputes, and implemented tax-efficient structures that have saved our clients millions of dollars. We combine technical expertise with practical strategies that deliver measurable financial benefits.
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Real examples of how our consultation services have benefited clients
A multinational corporation faced a significant increase in property tax assessment for their regional headquarters in Singapore's CBD. Our team conducted a detailed analysis of comparable properties and successfully appealed the valuation, resulting in a 23% reduction in tax liability over a three-year period.
A high-net-worth family with multiple residential properties sought to minimize stamp duties and ongoing property tax liabilities. We developed a comprehensive restructuring plan that optimized ownership arrangements and timing of transfers, while ensuring full compliance with anti-avoidance provisions.
A manufacturing company received a retrospective tax assessment based on a reclassification of their production facility. Our team prepared a comprehensive technical analysis demonstrating the appropriate classification category and negotiated directly with IRAS to resolve the dispute without costly litigation.
Singapore's trusted property tax specialists since 2010
Velovo was founded by a team of former tax authorities and real estate professionals who recognized the need for specialized property tax consultation in Singapore's complex market. Since our establishment, we have grown to become one of the city-state's most respected tax advisory firms, with a specific focus on real estate taxation.
Our consultants combine extensive experience in both public and private sectors, providing a unique perspective that bridges regulatory understanding with practical business insight. This dual expertise allows us to develop tax strategies that are both technically sound and commercially viable.
We serve a diverse client base that includes multinational corporations, local businesses, property developers, investment funds, family offices, and individual property investors. Regardless of the scale or complexity of your property holdings, we provide the same level of dedication and expertise to optimize your tax position.
Our commitment to professional excellence is reflected in our team's continuous professional development, ensuring we remain at the forefront of tax regulation changes and emerging best practices in property tax management.
Managing Director
Head of Consultation
Chief Tax Strategist
What our clients say about our property tax consultation services
"Velovo's expertise in Singapore property taxation has been invaluable to our real estate investment strategy. Their guidance has consistently resulted in significant tax savings while ensuring we remain fully compliant with all regulatory requirements. Their proactive approach in anticipating tax implications of our acquisition decisions has added tremendous value."
"After receiving an unexpectedly high property tax assessment for our manufacturing facility, we engaged Velovo to review and appeal the valuation. Their methodical approach and detailed knowledge of industrial property classification resulted in a substantial reduction in our tax liability. Their communication throughout the process was clear and professional."
"As a foreign investor in Singapore's property market, navigating the local tax landscape was challenging until we partnered with Velovo. Their comprehensive understanding of both tax regulations and market conditions enabled us to structure our investments optimally. Their team's responsiveness and attention to detail have made them an essential partner in our investment operations."
Contact us for a personalized property tax consultation
6 Shenton Way, #32-00 OUE Downtown 2,
Singapore 068809
+65 6224 8288
Monday - Friday: 9:00 AM - 6:00 PM
We offer a complimentary 30-minute initial consultation to discuss your property tax concerns and explore how we can assist you. Schedule yours today.
Book a ConsultationCommon inquiries about property tax in Singapore
Property tax in Singapore is calculated based on the Annual Value (AV) of the property, which is the estimated annual rent that the property could generate if it were rented out. The tax rate applied to this Annual Value varies depending on whether the property is owner-occupied or an investment property.
For owner-occupied residential properties, progressive tax rates range from 0% to 16% of the Annual Value. For non-owner-occupied residential properties (including investment properties), progressive tax rates range from 10% to 20% of the Annual Value. Commercial and industrial properties are taxed at a flat rate of 10% of the Annual Value.
You can appeal your property tax assessment if you disagree with the Annual Value determined by IRAS. Appeals must be filed within 30 days from the date of the property tax notice. The appeal should include supporting documentation such as rental evidence, property details, and any other relevant information that supports your case for a lower valuation.
At Velovo, we handle the entire appeal process for our clients, including preparing comprehensive documentation, submitting the formal objection, and representing you in discussions with tax authorities to achieve a favorable outcome.
Property investment in Singapore involves several tax considerations, including:
Effective tax planning can significantly impact the overall returns on property investments.
There are several legitimate strategies to minimize property tax in Singapore:
Our consultants can develop a customized strategy based on your specific property portfolio and circumstances to achieve optimal tax efficiency while maintaining full compliance.