Stamp Duty – Residential
Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD) Rates
| Profile of buyer |
BSD rates |
ABSD rates from 12 Jan 2013 |
| FR and entities buying residential property |
3% – $5,400 |
15% |
| SPR buying 1st residential property |
3% – $5,400 |
5% |
| SPR buying second and subsequent residential property |
3% – $5,400 |
10% |
| SC buying the first residential property |
3% – $5,400 |
Nil |
| SC buying second residential property |
3% – $5,400 |
7% |
| SC buying the third and subsequent residential property |
3% – $5,400 |
10% |
FR – Foreigner
SPR – Singapore Permanent Resident
SC – Singapore Citizen
Please log on to IRAS website for more information on Buyer’s Stamp Duty.
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Seller’s Stamp Duty (SSD) Rates
The rates of Seller’s Stamp Duty (SSD) payable on residential property purchased on and after 20 February 2010 and sold within certain duration, are summarized in the table below
| Date of Purchase / Acquisition or Date of Change of Zoning / Use |
Holding Period |
SSD Payable |
| Between 20 February 2010 and 29 August 2010 (all inclusive)* |
Up to 1 year |
1% on first $180,000
2% on next $180,000
3% on remainder,
of the consideration or value whichever is higher |
| More than 1 year |
No SSD payable |
| Between 30 August 2010 and 13 January 2011 (all inclusive)* |
Up to 1 year |
1% on first $180,000
2% on next $180,000
3% on remainder,
of the consideration or value whichever is higher |
| More than 1 year and up to 2 years |
0.67% on first $180,000
1.33% on next $180,000
2% on remainder,
of the consideration or value whichever is higher |
| More than 2 years and up to 3 years |
0.33% on first $180,000
0.67% on next $180,000
1% on remainder,
of the consideration or value whichever is higher |
| More than 3 years |
No SSD payable |
| On and after 14 January 2011+ |
Up to 1 year |
16% of consideration or value, whichever is higher |
| More than 1 year and up to 2 years |
12% of consideration or value, whichever is higher |
| More than 2 years and up to 3 years |
8% of consideration or value, whichever is higher |
| More than 3 years and up to 4 years |
4% of consideration or value, whichever is higher |
| More than 4 years |
No SSD payable |
* The consideration or value has to be rounded up to the nearest $100 before applying the rate.
+ SSD payable to be rounded down to the nearest dollar.
Please log on to IRAS website for more information on Seller’s Stamp Duty.
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Foreigners under Free Trade Agreements (FTAs)
Nationals and/or Permanent Residents of the following countries who fall within the scope of the respective FTAs will be accorded with the same treatment as Singapore Citizens.
Nationals and Permanent Residents of:-
 Iceland
Liechtenstein
Norway
Switzerland
Nationals of United States of America
Such buyers are required to submit an application for remission so as to enjoy the same treatment as Singapore Citizens. While ABSD payment can be withheld pending approval of remission, BSD cannot be withheld.
|
Please log on to IRAS website for more information on Stamp Duty.
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*Please note that information provided is as it is basis, whilst every effort has been made to provide up-to-date information. The author is not responsible for inaccuracies or whatsoever as a result from using this information.
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