Stamp Duty for Lease

With effect from 22 Feb 2014
To ensure consistency in stamp duty treatment across leases of different lease periods, the basic of calculation has been changed.

• Lease with Average Annual Rent (AAR) below S$1000 : exempted (same as the past)
• Lease period of 4 years or less : 0.4% of total rent for the period of the lease
• Lease period of more than 4 years or for any indefinite term : 0.4% of 4 times the AAR for the period of the lease.

In another words, stamping fee is capped at maximum of 4 years and calculate by 0.4% of the total monthly rent.

Example 1:
Monthly Rental : $1000
Lease term :

• 6 months – $1000 x 6 x 0.4% = $24
• 12 months – $1000 x 12 x 0.4% = $48
• 60 months (capped at 4 years = 48 months) – $1000 x 48 x 0.4% = $192

Example 2:
Monthly rental: $3000
Lease period: 9 months
Stamp duty payable – $3000 x 9 x 0.4% = $108
Previously stamp duty payable was $144

Example 3:
Monthly rental: $3000
Lease period: 3 years
Stamp duty payable = $3000 x 36 x 0.4% = $432
Previously stamp duty payable was $288

Please log in to IRAS website to check on the illustration table or download the Excel format of stamping duty calculator.