Stamp duty is a tax on documents relating to the purchase of a property. The buyer’s stamp duty is paid by the buyer while the seller’s stamp duty is paid by seller within 14 days from the date of signing of the Sale & Purchase Agreement. The computation is as follows:

PAYMENT SCHEDULE	% OF STAMP DUTY
On the first S$180,000	1%
On the 2nd S$180,000	2%
Thereafter	3%

For example: Purchase Price of property – S$1,200,000, Stamp Duty: S$30,600

The Additional Buyer’s Stamp Duty (ABSD) was revised on 12 January 2013 and is to be paid by certain profiles of people who buy or acquire residential properties (including residential land). The ABSD, on top of the existing buyer’s stamp duty (BSD), is applicable as follows:

BUYERS’ CITIZEN TYPE	RATE ON 1ST PURCHASE	2ND PURCHASE	3RD AND SUBSEQUENT PURCHASE
Singapore Citizens	Not Applicable	7%*	10%*
Singapore Permanent Residents (PR)	5%*	10%*	10%*
Foreigners and Non-Individuals** (**Corporate entities)	15%*	15%*	15%*

*Of the total price or market value of the property, whether wholly, partially or jointly owned.

The government introduced a Seller’s Stamp Duty (SSD), for sellers who purchased residential properties on or after 14 January 2011 and sell them within 4 years of acquisition.

The SSD rates are as follows:

• 16%*, if the property is sold in the first year of purchase
• 12%*, if the property is sold in the second year of purchase
• 8%*, if the property is sold in the third year of purchase
• 4%*, if the property is sold in the fourth year of purchase

More information please visit https://www.iras.gov.sg/irasHome/page03a.aspx?id=14342