The valuation of private properties includes the following factors:
- The annual value of the properties
- Description or designation sufficient for identification
- Name of the owner
- Any other particulars which the Chief Assessor may, from time to time, deem fit
The valuation is based on estimated market rentals of similar or comparable properties and not on the actual rental income received.
For more details, you can visit
www.iras.gov.sg.
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