Buyer Stamp Duty and Seller Stamp Duty is payable by both Buyer and Seller to the Inland Revenue Authority of Singapore (“IRAS”) for the sale and purchase of a property transaction.
Types of Stamp Duty Payable to IRAS
There are four main types of stamp duty:
PURCHASE OF PROPERTY
- Buyer Stamp Duty (for all property); and
- Additional Buyer Stamp Duty (for residential property).
Sale of Property
- Seller Stamp Duty (for residential property); and
- Seller Stamp Duty (for industrial property).
Stamp Duty Rates
1. Buyer Stamp Duty (“BSD”)
BSD is payable for all property purchased and applies to all Buyers (whether Singaporean, PR, Foreigner & Entities). BSD is based on purchase price or market value of property, whichever is higher.
BSD payable after 20 February 2018 is as follows:
| Purchase Price or Market Value of the Property | Buyer Stamp duty for Residential Property | Buyer Stamp Duty Rates for Non-Residential Properties |
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Remaining Amount | 4% | 3% |
2. Additional Buyer Stamp Duty (“ABSD”)
ABSD is only payable on Buyers who purchase residential property.
Similar to BSD, ABSD is based on the purchase price or market value of property (“Base”), whichever is higher. Unlike BSD, however, ABSD payable is dependent on the profile of Buyer.
ABSD payable on and after 16 December 2021 is as follows:
Table 2: ABSD for residential property
| Profile of Buyer Buying Residential Property | 1st Residential Property | 2nd Residential Property | 3rd & subsequent Residential property |
| Singapore Citizens | NIL | 7% | 10% |
| Permanent Residents | 5% | 10% | 10% |
| Foreigners | 15% | 25% | 30% |
| Entities | 15% | 25% | 35% |
| Trustees (for any transfer into a living trust) | 35% | 35% | 35% |
ABSD for multiple-buyer purchases with different profiles
If property is jointly bought (by joint tenants, tenants-in-common) by Buyers with different profiles, the higher ABSD rate will apply.
ABSD for mixed use property with residential component
If property is mixed use (eg. a HDB shop with living quarters), ABSD is calculated on the Base attributable to the residential component only.
3. SELLER’S STAMP DUTY (“SSD”) FOR RESIDENTIAL PROPERTY
SSD for residential property is based on the purchase price or market value of property, whichever is higher. SSD payable will be rounded off to the nearest dollar.
SSD payable on and after 11 March 2017 on residential property is as follows:
| Holding Period | SSD Rate |
| Up to 1 year | 12% |
| More than 1 year and up to 2 years | 8% |
| More than 2 years and up to 3 years | 4% |
| More than 3 years | No SSD payable |
4. SSD for Industrial Property
SSD for residential property is based on the purchase price or market value of property, whichever is higher. SSD payable will be rounded off to the nearest dollar.
SSD payable on and after 12 January 2013 on residential property is as follows:
| Holding period | SSD (Industrial) Rate |
| Less than 1 year | 15% |
| More than 1 year & up to 2 years | 10% |
| More than 2 years & up to 3 years | 5% |
| More than 3 years | No SSD payable |
Stamp Duty Calculator
Inland Authority Revenue of Singapore (IRAS) a stamp duty calculator, available at: Stamp Duty Fee Calculator
For up-to-date rates on stamp duties that may be payable, please refer to https://www.iras.gov.sg/IRASHome/Other-Taxes/Stamp-Duty-for-Property/
For assistance in regards to buyer stamp duty or seller stamp duty, contact us to make an appointment.
