What can property agents in Singapore claim, and what can they not?

Property agents are self-employed commission agents, so the same rules apply as for any business: an expense counts only if it was incurred wholly and exclusively in earning your commission, and you can prove it.

What do property agents usually claim?

• Advertising: listing portal fees, online ads, flyers and signage.
• Public transport to viewings and client meetings.
• The business share of your mobile phone.
• Entertainment and gifts for clients, with a note of who and why.
• Marketing materials and stationery.

Why is my car not claimable?

IRAS disallows the costs of private cars, meaning E, Q and S-plate cars: repairs, maintenance, parking and petrol. They are not deductible even if the car is used only for business. This catches many agents who drive to every viewing.

Can I use the 25% fixed ratio instead?

If your total gross income from all sources is S$50,000 or less, you can claim 25% of your gross commission as a deemed expense instead of actual expenses. Above S$50,000, you must claim actual expenses. If you earn commission from more than one source, you must use the same method for all of it.

What records should I keep?

Each receipt, its date and amount, and the listing, viewing or client it relates to. Keep them for at least 5 years. Listing and ad charges often arrive as card statements, so download the invoice from the portal as well.