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Buying, selling, or renting a property? Understand your stamp duty obligations by referring to our comprehensive list of webpages.
Using CPF funds to pay stamp duty is subject to the terms and conditions under the Private Properties and Public Housing Schemes. You may wish to check with CPF Board for more details. Do I need to pay the ABSD if I have paid the BSD?
Find out more about Seller's Stamp Duty (SSD) for residential properties and whether it applies to your sale. A Singapore Government Agency Website How to identify Official website links end with .gov.sg
Seller's Stamp Duty (SSD) BSD is payable on the purchase or acquisition of properties. Prior to 20 Feb 2018, the top marginal BSD rate for both residential and non-residential properties was 3%. With effect from 20 Feb 2018, there are differentiated BSD rates between residential and non-residential properties.
Additional Buyer's Stamp Duty (ABSD) Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Seller’s Stamp Duty for residential properties SSD is computed by applying the requisite SSD rate on the higher of the selling price or the market value of the residential property as at the date of sale or disposal.
Who Should Pay Stamp Duty. Check the terms of the document (e.g. tenancy agreement) to determine who is contractually required to pay the stamp duty. When the terms do not state who is liable, the party to pay stamp duty will follow that as specified in the Third Schedule of the Stamp Duties Act.
When you buy any property, you need to pay Stamp Duty within 14 days of the date of Contract/Agreement. In most instances, your lawyer acting on your behalf in purchasing the property will arrange for payment of Stamp Duty.
The conditions under the Stamp Duties (Spouses) (Remission of ABSD) Rules are as follows: The married couple did not own interest in more than one residential property each at the date of purchase of the second residential property. ABSD has been paid on the second residential property.
Today, adhesive stamps are no longer used and all documents chargeable for Stamp Duty have to be stamped through the e-Stamping system. 1. e-Stamping Online e-Stamping Portal allows you to carry out the following e-Services:
