Stamp Duty For Singapore Properties
Buyer's Stamp Duty (BSD):
|
Purchase Price or Market Value of the Property |
BSD Rates for Residential Properties |
|
First $180,000 |
1% |
|
Next $180,000 |
2% |
|
Next $640,000 |
3% |
|
Remaining Amount |
4% |
Additional Buyer's Stamp Duty (ABSD):
|
Nationality |
1st Property |
2nd Property |
3rd Property |
|
Singapore Citizens |
N.A. |
12% |
15% |
|
Permanent Residents |
5% |
15% |
15% |
|
Foreigners |
20% |
20% |
20% |
|
Entities / Companies |
25% |
25% |
25% |
Please note that:
1. Stamp duty is rounded down to the nearest dollar.
2. Payable by cash or CPF
3. To be paid within 14 Days from Date of Exercising Option
4. Exempted Countries (under Free Trade Agreements): Citizens of USA, Citizen and Permanent Residents of Norway, Liechtenstein, Switzerland, Iceland respectively. First Property Purchase will be the same as Singapore Citizen.
Reference: IRAS Information on Stamp Duty
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