All Residential Properties in Singapore are subjected to ‘ Normal Buyer Stamp Duty’ imposed by Income Revenue Authority of Singapore. When you purchased a new or resale property either from a Housing Development Board or a Private Developer, you are required to stamp a document before you sign it.
However, if you have signed a document and stamped it within the following time frame, no penalty will be charged
- Within 14 days after signing the document if it is signed in Singapore or
- Within 30 days after receiving* the document in Singapore if the document is signed overseas
The lawyer acting on your behalf in purchasing the property will arrange for payment of the Stamp Duty.
Buyer Stamp Duty is computed based on the purchase price or market value of the property, whichever is higher. Prior to 20 Feb 2018, the Buyer Stamp Duty rate was up to 3%. With effect
from 20 Feb 2018, there are differentiated Buyer Stamp Duty rates between residential and non-residential properties. The Buyer Stamp Duty rate for acquisition of residential properties on or after 20 Feb 2018 is up to 4%.
|Before 20 Feb 2018|
|Purchase Price or Market Value of the Property||BSD Rates|
|On or after 20 Feb 2018|
|Purchase Price or Market Value of the Property||BSD Rates for residential properties||BSD Rates for non-residential properties|
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