Gov’t to offer rebates for owner-occupied residential properties amidst looming tax hike
The property tax will increase on 1 January 2024. The government will offer up to 100% tax rebates for all owner-occupied residential properties in response to the looming property tax (PT) hike in 2024. The rebates are as follows: With the PT rebate, all one- and two-room HDB owner-occupiers will continue to pay no PT in 2024. Rebates for owner-occupiers in other HDB flat types will be automatically offset against