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What are the Stamp Duty rates for:
Lease duty
| Lease / Tenancy |
Rates |
| (a) Where annual rent does not exceed $1,000 |
Exempted |
| (b) Where annual rent exceeds $1,000, Stamp Duty is based on the contractual rent or market rent, whichever is higher |
- For every $250 or part thereof of the average annual rent for lease term:
|
|
Up to 1 year
|
$1.00 |
More than 1 year and up to 3 years
|
$2.00 |
More than 3 years or for an indefinite term
|
$4.00 |
For example:
Calculation of Stamp Duty for a lease of an apartment for 12 months at the following rent:
| Base Rent |
$1,800 per month |
| Furniture & Fittings |
$500 per month |
| Others |
$140 per month |
| Total Gross Rent |
$2,440 per month |
| Calculation of Stamp Duty on Lease / Tenancy |
| Average annual rent |
= $2,440 x 12 months
= $29,280
|
Determine how many $250 (or part thereof) are in $29,280
|
= $29,280 / 250
=$117.12 (round up to $118)
|
Stamp Duty payable
|
= $118
|
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Conveyance duty
Applicable to documents such as:
- Sale and Purchase of property
- Transfer by Way of Gift
- Exchange
- Partition
- Settlement relating to property
- Distribution of property to the beneficiary in a deceased's estate
- Distribution of property to Shareholders upon voluntary winding up of company
- Distribution of dividends in the form of property to shareholders
- Leases with Premium
- Novation or Assignment of Lease
- Surrender of Lease
Buyer's Stamp Duty (BSD)
| Conveyance |
Rates |
| Based on the purchase price or market value, whichever is higher |
|
- Every $100 or part thereof of the first $180,000
|
$1.00 |
- Every $100 or part thereof of the next $180,000
|
$2.00 |
- Thereafter, every $100 or part thereof
|
$3.00 |
For example:
Sale and Purchase of Property
Calculation of Stamp Duty on a property bought at a purchase price of $890,150:
To round up the Purchase Price of $890,150, to the nearest hundred, $890,200
|
| Every $100 or part thereof of the first $180,000 |
($180,000 / $100) x $1 |
$1,800 |
| Every $100 or part thereof of the next $180,000 |
($180,000 / $100) x $2 |
$3,600 |
| Every $100 or part thereof of the remainder |
($530,200 / $100) x $3
|
$15,906 |
| Stamp Duty payable |
$1,800 + $3,600 + $15,906 = $21,306 |
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Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD) for Residential Properties
Based on the purchase price or market value, whichever is higher
| Profile of buyer |
BSD rates |
ABSD rates (old)^ from 8 Dec 2011 to 11 Jan 2013 |
ABSD rates (new)^ from 12 Jan 2013 |
Foreigner and entity buying any residential property
|
Every $100 or part thereof of the first $180,000
Every $100 or part thereof of the next $180,000
Thereafter, every $100 or part thereof
|
$1.00
$2.00
$3.00
|
10%
|
15%
|
Singapore PR buying first residential property
|
Nil
|
5%
|
Singapore PR buying second and subsequent residential property
|
3%
|
10%
|
Singapore Citizen buying first residential property
|
Nil
|
Nil
|
Singapore Citizen buying second residential property
|
Nil
|
7%
|
Singapore Citizen buying third and subsequent residential property
|
3%
|
10%
|
^ ABSD payable to be rounded down to the nearest dollar.
For examples on the calculation of stamp duty for Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD):
Additional Buyer's Stamp Duty (ABSD) for Residential Properties, please click
here Seller's Stamp Duty (SSD) for Residential Properties, please click
here Seller's Stamp Duty (SSD) for Industrial Properties, please click
here
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Seller's Stamp Duty (SSD) for Residential Properties
Date of purchase / acquisition or Date of change of zoning / use
|
Holding period
|
Rates
|
| Between 20 February 2010 and 29 August 2010 (all inclusive) |
Within 1 year |
Every $100 or part thereof of the first $180,000 |
$1.00
|
| Every $100 or part thereof of the next $180,000 |
$2.00 |
| Thereafter, every $100 or part thereof |
$3.00 |
| More than 1 year |
No SSD payable |
| Between 30 August 2010 and 13 January 2011 (all inclusive) |
Within 1 year |
Every $100 or part thereof of the first $180,000 |
$1.00
|
| Every $100 or part thereof of the next $180,000 |
$2.00 |
| Thereafter, every $100 or part thereof |
$3.00 |
| More than 1 year and up to 2 years |
Every $100 or part thereof of the first $180,000 |
$0.67
|
| Every $100 or part thereof of the next $180,000 |
$1.33 |
| Thereafter, every $100 or part thereof |
$2.00 |
| More than 2 years and up to 3 years |
Every $100 or part thereof of the first $180,000 |
$0.33
|
| Every $100 or part thereof of the next $180,000 |
$0.67 |
| Thereafter, every $100 or part thereof |
$1.00 |
| More than 3 years |
No SSD payable |
| On and after 14 January 2011+ |
Within 1 year |
16% of consideration or value, whichever is higher |
| More than 1 year and up to 2 years |
12% of consideration or value, whichever is higher |
| More than 2 years and up to 3 years |
8% of consideration or value, whichever is higher |
| More than 3 years and up to 4 years |
4% of consideration or value, whichever is higher |
| More than 4 years |
No SSD payable |
+ SSD payable to be rounded down to the nearest dollar.
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Seller's Stamp Duty (SSD) for Industrial Properties
Based on the selling price or market value, whicher is higher
| Date of purchase / acquisition or Date of change of zoning / use |
Holding period |
Rates |
On and after 12 January 2013*
|
Up to 1 year |
15% |
| More than 1 year and up to 2 years |
10% |
| More than 2 years and up to 3 years |
5% |
| More than 3 years |
No SSD payable |
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Mortgage duty
Mortgage
|
Rates |
Mortgage
|
Based on the amount of facilities granted on mortgage of immovable property or stocks and shares
- Every $1,000 or part thereof
|
$4.00
(Maximum duty payable is $500)
|
| Equitable Mortgage |
$2.00
(Maximum duty payable is $500)
|
| Variation to Mortgage |
$4.00
(maximum duty payable is $500)
|
For example:
Mortgage
Calculation of Stamp Duty on mortgage for a loan amount of $253,448:
Calculation of Stamp Duty on Mortgage
|
1)
|
Determine how many parts of $1,000 in the loan amount $253,448 (Round up to nearest thousand = $254,000)
|
Computation
|
= $254,000 / $1,000
= $254
|
2)
|
Stamp Duty
|
= $254 x $4
= $1,016
|
3)
|
Stamp Duty Payable
|
= $500
(The Stamp Duty computed above is more than $500. However, the duty payable is still $500 because the duty on mortgage is capped at the maximum amount of $500)
|
Equitable Mortgage
Calculation of Stamp Duty on mortgage for a loan amount of $150,000:
Calculation of Stamp Duty on Equitable Mortgage
|
1)
|
Determine how many parts of $1,000 in the loan amount
|
Computation
|
= $150,000 / $1,000
= $150
|
2)
|
Determine types of securities for loan
If property used as a security
|
Stamp Duty Payable = $150 x $2
= $300
|
|
If shares used as a security
|
Stamp Duty exempted
|
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Duty on share transfer
Applicable to documents such as:
Share Transfer by Way of Sale
Share Transfer by Way of Gift
Trust Deed / Declaration of Trust, if there is a change in beneficial interest
Distribution of shares to the beneficiary in a deceased's estate
Distribution of Shares to Shareholders upon voluntary winding up of company
Distribution of dividends in the form of shares to shareholders
Transfer of Preference Shares
| Duty on Shares |
Rates |
Based on the Consideration or Net Asset Value, whichever is higher
- Every $100 or part thereof
|
$0.20
|
For example:
Transfer of shares in private companies by way of sale
| Number of shares transferred: |
65,002 |
| Net Asset Value per share: |
$0.50 |
| Consideration: |
$10,000 |
Calculation of Stamp Duty on Share Transfer
|
1)
|
Determine whether the total Net Asset Value or Consideration is higher
|
Total Net Asset Value
|
= 65,002 x $0.50
=$32,501
(The Total Net Asset Value is higher than the consideration of $10,000)
|
2)
|
Determine number of parts of $100 in the Net Asset Value
|
Number of parts of $100
|
= $32,501 / $100
= $325.01 (round up to $326)
|
3)
|
Stamp Duty payable
|
= $326 x $0.20
= $65.20
|
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How to calculate Stamp Duty?
You can use our Stamp Duty calculator to calculate the Stamp Duty payable for the following types of documents:
Lease / Tenancy of Property
Sale and Purchase of Immovable Property, including:
Buyer's Stamp Duty (BSD)
Additional Buyer's Stamp Duty (ABSD) for Residential Properties
Seller's Stamp Duty (SSD) for Residential Properties
Seller's Stamp Duty for Industrial Properties
Mortgage of Property and Shares
Transfer of Shares
The calculator will work out the amount of Stamp Duty payable based on the details you have entered. Penalty charges are not included in the calculation.
How to use the calculator:
Select the type of transaction.
Key in the details in the blue colour boxes.
Press the "Enter" or "Tab" key. The Stamp Duty amount will be displayed in the yellow box.
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