Some tax question on HDB rental

[Ice-Man88]

Hi Dennis,

My friend plans to rent out her room from her HDB flat. If she collects rental,
is it required of her to pay tax in her IRAS? Can she deduct interest payment for her flat, fire insurance, PUB bill, S & C charges etc? Thanks

[Dennis Ng]

Hi Dennis,

My friend plans to rent out her room from her HDB flat. If she collects rental,
is it required of her to pay tax in her IRAS? Can she deduct interest payment for her flat, fire insurance, PUB bill, S & C charges etc? Thanks

if she collects rental, she is supposed to report the rental income, to add to her income. Whether she pays any tax or how much tax, depends on her Chargeable Income.

She cannot deduct interest payment for her flat, since HDB flat is meant for Owner-occupation, not meant as investment.

One can only deduct Housing Loan interest on Investment Property.

Hope this clarifies.