On this page:
Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD) Rates
Profile of buyer
|
BSD rates*
|
ABSD rates (old)+ from 8 Dec 2011 to 11 Jan 2013
|
ABSD rates (new)+ from 12 Jan 2013 |
| FR and entities buying residential property |
1% on first $180,000
2% on next $180,000
3% for the remainder
|
10%
|
15%
|
SPR buying 1st residential property
|
Nil
|
5%
|
SPR buying second and subsequent residential property
|
3%
|
10%
|
SC buying the first residential property
|
Nil
|
Nil
|
SC buying second residential property
|
Nil
|
7%
|
SC buying the third and subsequent residential property
|
3%
|
10%
|
* The consideration or value has to be rounded up to the nearest $100 before applying the rate.
+ ABSD is to be rounded down to the nearest dollar.
Back to Top
ABSD Rates Depend on Profile(s) of Buyer(s) or Transferee(s)
Purchase Made by One Buyer
Whether ABSD is payable and which ABSD rate would apply would depend on the profile of the buyer – whether the buyer is an individual or non-individual, his residency status and the count of residential properties owned by him. Please refer to Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD) Rates for more information.
Purchase Made by Multiple Buyers with Different Profiles
If the property is jointly bought (either joint tenancy or tenancy-in-common) by buyers with different profiles, the higher ABSD rate will apply on the purchase price/ value of the property.
For example, if a FR, a SPR and a SC jointly buy a property worth $3 million, with each owning one-third share, the ABSD rate of 15%* shall apply to the $3 million, notwithstanding that the other two purchasers are non foreigners and have paid $2 million for their share of the property.
Remission applies to purchases by married couples of certain profile.
*For acquisition made on or after 12 Jan 2013. ABSD rate of 10% applies if acquisition is made between 8 Dec 2011 to 11 Jan 2013 (both dates inclusive).
Back to Top
Computation of BSD and ABSD
Stamp duty amount is computed by applying the relevant stamp duty rates on the actual price paid or market value of the property, whichever is the higher.
The BSD is calculated based on a tiered-rate structure, i.e. 1% on the first $180,000, 2% on the next $180,000 and 3% on the amount exceeding $360,000.
The ABSD rates on the other hand are flat rates of 3%, 5%, 7%, 10% or 15% to be applied on the actual price paid or market value of property, whichever is higher.
For a mixed use property with residential component e.g. a HDB shop with living quarters, ABSD is computed on the actual price paid or market value (whichever is higher) attributable to the residential component only. The market value may be determined by a professional valuer or adjudicated by IRAS.
For purchase of a partial interest in a residential property, ABSD is computed on the actual price paid or market value (whichever is higher) of the partial interest only.
Illustration of Computation of BSD and ABSD
Assume a purchase of a flat at a fair market price of $2 million by a FR and the ABSD rate of 15%* applies.
*For acquisition made on or after 12 Jan 2013. ABSD rate of 10% applies if acquisition is made between 8 Dec 2011 to 11 Jan 2013 (both dates inclusive).
Computation of BSD
|
1% on first $180,000
|
($180,000 x 1%)
|
$1,800
|
2% on next $180,000
|
($180,000 x 2%)
|
$3,600
|
3% on remainder
|
($1,640,000 x 3%)
|
$49,200
|
| BSD |
$54,600
|
The price paid or value has to be rounded up to the nearest $100 before applying the rate.
Computation of ABSD
|
15% of $2,000,000
|
$300,000
|
ABSD
|
$300,000
|
Total Stamp Duty Payable = $54,600 + $300,000
= $354,600
Back to Top