Stamp duty in Singapore applies to property transactions, share transfers, and lease agreements. Administered by IRAS, it is essential for ensuring legal compliance in these transactions.
Stamp duty is a tax imposed on legal documents related to the sale, lease, or transfer of immovable property and shares.
BSD is payable by the buyer on the purchase price or market value of the property, whichever is higher. Rates below apply to documents executed on or after 15 February 2023:
| Purchase price or market value | Residential | Non-residential |
|---|---|---|
| First S$180,000 | 1% | 1% |
| Next S$180,000 | 2% | 2% |
| Next S$640,000 | 3% | 3% |
| Next S$500,000 | 4% | 4% |
| Next S$1,500,000 | 5% | 5% |
| Remaining amount | 6% | 5% |
BSD is rounded down to the nearest dollar, subject to a minimum duty of S$1. For documents executed from 20 Feb 2018 to 14 Feb 2023 the top residential rate was 4%.
ABSD is payable in addition to BSD on residential property, based on the buyer’s profile and the number of residential properties owned. Rates below apply on or after 27 April 2023:
| Profile of buyer | ABSD rate |
|---|---|
| Singapore Citizen – first residential property | Not applicable |
| Singapore Citizen – second residential property | 20% |
| Singapore Citizen – third and subsequent | 30% |
| Singapore Permanent Resident – first | 5% |
| Singapore Permanent Resident – second | 30% |
| Singapore Permanent Resident – third and subsequent | 35% |
| Foreigners – any residential property | 60% |
| Entities – any residential property | 65% |
| Trustees – any residential property | 65% |
| Housing developers | 35% (plus a further non-remittable 5%) |
ABSD is rounded down to the nearest dollar, subject to a minimum duty of S$1. Reliefs may apply, including under Free Trade Agreements and for married couples with at least one Singapore Citizen.
SSD is payable if residential property is sold within the holding period. The holding period was extended from three to four years, and each tier raised by four percentage points, for property purchased on or after 4 July 2025:
| Property sold within | Purchased on/after 4 Jul 2025 | Purchased 11 Mar 2017 – 3 Jul 2025 |
|---|---|---|
| 1 year | 16% | 12% |
| More than 1 and up to 2 years | 12% | 8% |
| More than 2 and up to 3 years | 8% | 4% |
| More than 3 and up to 4 years | 4% | No SSD |
| More than 4 years | No SSD | No SSD |
SSD is computed on the higher of the selling price or market value. HDB flats are generally unaffected because of the Minimum Occupation Period. Industrial property has its own separate SSD schedule.
We focus on service quality and reliability. Our clients rely on us to assist them with local compliance.
Our expertise spans across Corporate Secretarial, Accountancy, Tax Returns, Tax Savings, Tax Advices, Payroll Services