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Taxes · IRAS

Collective Sales: Settling Property Tax and Cancelling GIRO

Collective-sale owners remain responsible for tax settlement before completion.

Source checked · 11 October 2026

Full-Year Settlement and Reimbursement

Check outstanding annual tax and discuss remaining instalments with the lawyer. The purchaser-developer’s share is reimbursed under the private sale arrangement, normally handled by the lawyer. Do not assume the collective-sale agreement automatically closes the tax account.

GIRO and Proof of Payment

Cancel the appropriate GIRO arrangement through the bank or IRAS route, allowing the requested notice period. The page explains that payment posting can take three working days and that balances can be obtained through public search or Account Summary. Retain settlement evidence for the transaction and avoid stopping a shared tax GIRO indiscriminately.

Official Source

A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.

Read the Official Source ↗
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