Agency Licence No. L3007360H

STAMP DUTY

STAMP DUTY

Stamp Duty is a tax on dutiable documents relating to any immovable property in Singapore.

TENANCY AGREEMENTS

These are documents signed when you rent a property. Stamp Duty is calculated on the actual rent on a percentage-based rate structure.

Example:    Lease period of 12 months at $4,000 per month.

4,000 x 12 x 0.4% =  $192.00

Buyer Stamp Duty (BSD)

  • 1% on first $180,000
  • 2% on the next $180,000
  • 3% on the remainder

ADDITIONAL BUYER’S STAMP DUTY (ABSD)

CITIZENSHIP ABSD RATE ON 1ST PURCHASE ABSD RATE ON 2ND PURCHASE ABSD RATE ON 3RD AND SUBSEQUENT PURCHASE
Singapore Citizens N.A. 7% 10%
Permanent Residents 5% 10% 10%
Foreigners and non-individuals (corporate entities) 15% 15% 15%

SELLER’S STAMP DUTY (SSD)

The Date of Sale or Disposal

The rates of SSD payable on residential property purchased on and after 20 Feb 2010 and sold within certain duration, are summarized in the table below:

Date Of Purchase or Date of Change of Zoning/Use Holding Period SSD Rate (on the actual price or market value, whichever is higher)
Between 20 Feb 2010 and 29 Aug 2010

(all inclusive)

Up to 1 year 1% on first $180,000
2% on next $180,000
3% on remainder
More than 1 year No SSD payable
Between 30 Aug 2010 and 13 Jan 2011
(all inclusive)
Up to 1 year 1% on first $180,000
2% on next $180,000
3% on remainder
More than 1 year and up to 2 years 0.67% on first $180,000
1.33% on next $180,000
2% on remainder
More than 2 years and up to 3 years 0.33% on first $180,000
0.67% on next $180,000
1% on remainder
More than 3 years No SSD payable
On and after 14 Jan 2011 Up to 1 year 16%
More than 1 year and up to 2 years 12%
More than 2 years and up to 3 years 8%
More than 3 years and up to 4 years 4%
More than 4 years No SSD payable

 

Notes

  1. Where land is sold with existing building, the liability for SSD will be based on the zoning of the land in the Master Plan.
  2. For non-residential property that is re-zoned or the permitted use is changed to residential, the date of acquisition of the property will be the date of rezoning or the change of use.
  3. SSD payable to be rounded down to the nearest dollar.