Stamp Duty Singapore
In Singapore, stamp duty is a tax on documents relating to the transfer of property ownership. There are several different types of stamp duty that apply to property transactions in Singapore. Here is an overview of the different property stamp duty types in Singapore:
- Buyer’s Stamp Duty (BSD): BSD is a tax on the purchase price or market value of the property, whichever is higher. It is payable by the buyer and ranges from 1% to 6% depending on the purchase price or market value of the property.
- Additional Buyer’s Stamp Duty (ABSD): ABSD is a tax that applies to certain categories of buyers, such as Singaporeans purchasing a second or subsequent residential property, permanent residents (PRs) purchasing any residential property, and foreigners purchasing any residential property. The rate of ABSD ranges from 20% to 65% depending on the buyer’s profile and the number of properties they already own.
- Seller’s Stamp Duty (SSD): SSD is a tax that applies to properties that are sold within a certain holding period. The holding period varies depending on the date of purchase of the property, but typically ranges from 1 to 3 years. The rate of SSD ranges from 12% to 4% of the sale price depending on the holding period.
- Transfer Duty: Transfer Duty is a tax on the transfer of the ownership of a property from one person to another, such as through a gift or inheritance. The rate of Transfer Duty ranges from 1% to 6% depending on the market value of the property.
- Mortgage Duty: Mortgage Duty is a tax on the mortgage loan secured on the property. The rate of Mortgage Duty is $500.
It is important to note that stamp duty rates and rules are subject to change, so it is always a good idea to consult with a qualified professional or seek out the latest information from the relevant government agencies before making any property transactions in Singapore.
Here is the Stamp Duty Singapore rates table for your easy reference
| Residential Property | Non-Residential Property | |
| Property Price or market value, whichever is higher | Rates on or after 15 Feb 2023 | Rates on or after 15 Feb 2023 |
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Next $500,000 | 4% | 4% |
| Next $1,500,000 | 5% | 5% |
| Amount exceeding $3,000,000 | 6% | 5% |
Additional Buyer Stamp Duty, ABSD, Singapore rates table for residential
| Rates on or after 27th April 2023 | Singapore Citizen | Singapore Permanent Resident | Foreigners | Entities |
| Buying 1st Residential Property | 0% | 5% | 60% | 65% |
| Buying 2nd Residential Property | 20% | 30% | 60% | 65% |
| Buying 3rd & subsequent Residential Property | 30% | 35% | 60% | 65% |
Residential Seller Stamp Duty Table
| Holding Period | SSD Rate |
| < 1 year | 12% |
| 1 – 2 years | 8% |
| 2 – 3 years | 4% |
| > 3 years | 0% |
Industrial Seller Stamp Duty Rate Singapore Table
| Holding Period | SSD Rate |
| < 1 year | 15% |
| 1- 2 years | 10% |
| 2 – 3 years | 5% |
| > 3 years | 0% |