- Residential property sales and leases are exempt from GST; non-residential properties are fully taxable, and mixed-use properties are taxed only on the non-residential portion.
- For furnished residential properties, GST applies to movable furniture and fittings at market value or cost, while permanently attached fixtures remain exempt.
- GST-registered developers or owners of residential properties with limited input tax credits must account for GST under reverse charge for imported services (from 1 Jan 2020) and low-value goods (from 1 Jan 2023).
- Selling a non-residential property may require GST registration if the taxable supply causes a business or individual to exceed the registration threshold.
Source: iras.gov.sg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
