IRAS
20130112 Sat Property Cooling Measures
Stamp duty
Buyer's Stamp Duty (BSD)
Additional Buyer's Stamp Duty (ABSD)
20140306 CEA Practice Circular Standard Stamp Duty Rate Structure
· Buyer's stamp duty
· Share transfer duty
· Lease duty
· Mortgage duty
20130112 CEA Practice Circular
BSD - BUYER'S STAMP DUTY
All Transaction with Value > S$360,000 ( 3% - S$5,400/=)
Thereafter onwards 3%
2nd S$180,000/= 2%
First S$180,000/= 1%
ABSD For Properties Purchased after 6th July 2018
ABSD - ADDITIONAL BUYER STAMP DUTY
20130112
In additional to Buyer Stamp Duty (3%-S$5,400/=)
ADDITIONAL BUYER STAMP DUTY - 20130112
In additional to ( 3% - S$5,400 )
ABSD RATE
1st Property 2nd Property 3rd & Subsequent Property
Citizenship
Singapore Citizens NA 7% 10%
Permanent Residents 5% 10% 10%
Foreigners n Corporate 15% 15% 15%
11th Jan 2013
MND Ministry of National Development
Additional Measures to Ensure a Stable and Sustainable Property Market
IRAS NEWS
2012 01 12 ADDITIONAL STAMP DUTIES
Stamp Duty: Additional Buyer’s Stamp Duty
(ABSD) on Purchase of Residential Properties
Revised Edition
ANNEX I REVISE STAMP DUTIES 20130112
FOREIGN BUYERS AND
NON-INDIVIDUAL ( CORPORATE ) :
1st Property 3%* + 15 %
PERMENANT RESIDENTS:
1st Property 3% - S$5,400 + 5%
2nd Property onwards 3% - S$5,400 + 10%
SINGAPORE CITIZEN:
1st Property 3% - S$5,400
2nd Property 3% - S$5,400 + 7%
3rd Property onwards 3% - S$5,400 + 10%
2011 12 07 Stamp Duties
FOREIGN BUYERS AND
NON-INDIVIDUAL ( CORPORATE ) :
1st Property 3% - S$5,400 + 13%
PERMENANT RESIDENTS:
1st Property 3% - S$5,400 + 3%
2nd Property 3% - S$5,400 + 6%
SINGAPORE CITIZEN:
1st and 2nd Property 3% - S$5,400 +
3rd Property onwards 3% - S$5,400 + 6%
Buyer's Stamp Duty (BSD)
Conveyance Rates
Based on the purchase price or market value, whichever is higher
- Every $100 or part thereof of the first $180,000 $1.00
- Every $100 or part thereof of the next $180,000 $2.00
- Thereafter, every $100 or part thereof $3.00
Additional Buyer Stamp Duties (ABSD)
Additional Buyer Stamp Duties on Purchase of Residential Properties wef 2011 12 07
On 7 December 2011, the Government has announced the implementation of additional buyer’s stamp duty (ABSD) to be paid by certain profiles of people who buy or acquire residential properties (including residential land).
The affected buyers on and after 8 December 2011 would have to pay ABSD on top of the existing buyer’s stamp duty (BSD).
Affected Buyers
a) Foreigners and non-individuals
b) Singapore Permanent Residents (PR) who already own 1 or more residential properties, whether owned wholly, partially, or jointly with others
c) Singapore Citizens (SC) who already own 2 or more residential properties, whether owned wholly, partially, or jointly with others
The new ABSD is payable by affected buyers at fixed rates on the actual price paid or market value of the property whichever is the higher.
The ABSD rate will be 10% for (a), and 3% for (b) and (c), on the total price or market value of the property.
BSD continues to be payable by all property buyers at unchanged rates.
Effective Date of Implementation of ABSD
ABSD will apply to Contracts or Agreements (whichever is earlier), or Documents of Transfer*, dated on or after 8 December 2011.
Where an Option To Purchase has been granted on or before 7 December 2011 and exercised thereafter on or before 28 December 2011, without any extension of the option validity period, ABSD will be remitted upon application.
*Where Contracts or Agreements are not applicable
