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Apr 27, 2023 · Stamp Duty Calculator. Calculate the Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD) you may need to pay for document taxes. Updated based on cooling measures with effective on and after 27 April 2023. 2 mins to complete. Property Value.
Determine the amount of input tax claimable for partially exempt businesses. This page provides a list of income tax, corporate tax, withholding tax, property tax, GST, stamp duty, WCS and JSS calculators.
Quick Links. Tax Rates. Stamp Duty is a tax on dutiable documents relating to any immovable property in Singapore and any stock or shares. On this page: Buyer's Stamp Duty. Additional Buyer’s Stamp Duty. Buyer’s Stamp Duty. BSD is computed based on the purchase price or market value of the property, whichever is higher.
- What Is Stamp Duty?
- How Do You Calculate Stamp Duty in Singapore?
- Buyer’s Stamp Duty
- Additional Buyer’s Stamp Duty
- Seller’S Stamp Duty
- Stamp Duty on Rental Tenancy Agreements
Stamp duty refers to the tax relating to the purchase or lease of a property. In Singapore, it is payable to the Inland Revenue Authority of Singapore (IRAS). The Buyer’s Stamp Duty (BSD)is payable on the purchase of all properties. Based on your residency status and the number of properties you own, you might also need to pay the Additional Buyer’...
There are four types of stamp duties relating to the sale, purchase, acquisition or disposal of properties in Singapore. These are the Buyer’s Stamp Duty (BSD), Additional Buyer’s Stamp Duty (ABSD), Seller’s Stamp Duty (SSD) and stamp duty on rental tenancy agreements.
The amount of BSD is calculated based on the purchase price or market value of your property (whichever is higher). From 15 February 2023, a higher marginal BSD have been imposed for higher-value residential and non-residential properties. This was based on Singapore's Budget speech on 14 February 2023 by Finance Minister Lawrence Wong. The portion...
ABSD is calculated based on the second and subsequent properties. The amount payable varies according to your residential status. The ABSD rates were last revised on 27 April 2023to "promote a more sustainable property market and prioritise housing for owner-occupation" based on a joint statement by the Ministry of Finance (MOF), Ministry of Nation...
The SSD is payable on properties sold within the three-year holding period after buying a property (on or after 20 February 2010). The SSD is in place to prevent house-flipping and control property prices. Read this article for everything you need to know about the Seller’s Stamp Duty.
If you rent a property or sign a contract to renew or extend your current lease, a rental stamp duty is payable. This is calculated based on the Average Annual Rent (AAR), computed based on monthly rent and lease period.
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19 hours ago · myTax Portal is a secured, personalised portal for you to view and manage your tax transactions with IRAS, at your convenience.
Use our free & easy to use calculator to get an estimate of the property stamp duty tax you would need to pay when you purchase a property in Singapore.
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What is buyer's stamp duty (BSD) in Singapore?
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Stamp Duty Calculator. Depending on your status, you may need to pay for Additional Buyer’s Stamp Duty (ABSD) on top of the Buyer’s Stamp Duty (BSD) that you’re required to pay. Find out how much you need to set aside for document taxes with our Stamp Duty Calculator. What type of property are you buying?
