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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