Stamp Duty
Selling Stamp Duty (SSD)
SSD is residential property tax sellers must pay when selling their property within holding period of 3 years. It is calculated from the date you acquire the property.
It is payable if a residential property purchased on or after 20 Feb 2010 and the residential property sold within the holding period. It is paid straight from the sales proceeds.
Date of Sale/ Disposal is based on
- Date of execution of Option to Purchase by the buyer to the seller’s offer to sell or
- Date of Sale & Purchase Agreement signed by the seller & buyer or
- Date of Transfer where (1) & (2) are not applicable
Seller’s Stamp Duty is not charged on most commercial properties, such as office and retail. However, industrial properties such as factories, showrooms and warehouse are subject to SSD if sold within 3 years.
Buyer Stamp Duty (BSD)
BSD is a tax levied on all property purchased by buyers, even HDB flats, within Singapore.
The amount of BSD you have to pay depends on whichever is higher in the following:
- Purchase price of the property (as stated in the signed Sale & Purchase Agreement)
- The market value of the property (based on the property’s valuation reports)
Here’s the quick formula for calculating Buyer’s Stamp Duty (BSD)
Additional Buyer’s Stamp Duty (ABSD)
It is a tax that’s levied on top of BSD. It is computed based on the valuation or the selling price of the property, whichever is higher.
*Foreigners under Free Trade Agreements (FTAs) will be accorded the same Stamp Duty treatment as Singapore Citizens: Nationals & PRs Of Iceland, Liechtenstein, Norway or Switzerland & Nationals of the United States of America (LINUS).
Payment BSD/ ABSD using CPF or CASH
- For New Launch/ HDB Buyers, the BSD and ABSD is payable within 14 days from signing of Sales & Purchase Agreement/ HDB’s letter of in principal approval. You may use your CPF to pay it directly.
- For Resale Condo Buyers, you must pay the BSD and ABSD in CASH first and seek reimbursement later as the CPF requires 6 to 8 weeks to process the application to use CPF funds.
Huttons Asia Pte Ltd
3 Bishan Place
#05-01 CPF Bishan Building
Singapore 579838
CEA Reg No. RO55635E
CEA Agency No: L3008899K