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What are the buyer’s stamp duty rates?
For residential property: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, 5% on the next S$1.5 million and 6% above S$3 million. Non-residential property stops at 5%. These rates apply from 15 February 2023.
What are the ABSD rates?
Since 27 April 2023: Singapore citizens pay 0% on their first home, 20% on the second and 30% on the third or later; permanent residents pay 5%, 30% and 35%; foreigners pay 60%; and entities pay 65%. ABSD applies only to residential property.
When is stamp duty due?
Within 14 days of signing the contract or exercising the option to purchase, or within 30 days if signed overseas.
For education only. Remissions, free trade agreement treatment, developers and housing trusts are not modelled. Not tax advice.