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Seller's Stamp Duty Rates for Residential Properties
The rates of Seller's Stamp Duty (SSD) payable on residential property purchased on and after 20 February 2010 and sold within certain duration, are summarized in the table below :-
Date of Purchase / Acquisition or Date of Change of Zoning / Use
|
Holding Period
|
SSD Payable
|
| Between 20 February 2010 and 29 August 2010 (all inclusive)* |
Up to 1 year
|
1% on first $180,000
2% on next $180,000
3% on remainder,
of the consideration or value whichever is higher
|
More than 1 year
|
No SSD payable
|
| Between 30 August 2010 and 13 January 2011 (all inclusive)* |
Up to 1 year
|
1% on first $180,000
2% on next $180,000
3% on remainder,
of the consideration or value whichever is higher
|
More than 1 year and up to 2 years
|
0.67% on first $180,000
1.33% on next $180,000
2% on remainder,
of the consideration or value whichever is higher
|
More than 2 years and up to 3 years
|
0.33% on first $180,000
0.67% on next $180,000
1% on remainder,
of the consideration or value whichever is higher
|
More than 3 years
|
No SSD payable
|
On and after 14 January 2011+
|
Up to 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
|
* The consideration or value has to be rounded up to the nearest $100 before applying the rate.
+ SSD payable to be rounded down to the nearest dollar.
Where the sale or disposal comprises only a partial interest in the residential property, SSD payable will be based on the consideration or market value of the partial interest.
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Date of Stamping and Payment Due Date
A document is duly stamped only when stamp duty is fully paid. SSD must be paid within 14 days of (i) date of exercise of Option to Purchase (OTP) or Contract; (ii) date of signing the Sale & Purchase Agreement (where OTP is not applicable); or (iii) date of Transfer (where (i) and (ii) above are not available nor applicable). Where the Agreement is executed overseas, SSD must be paid within 30 days from the date of receipt of the Contract or Agreement in Singapore.
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Illustrations
Computation of SSD for residential properties bought between 30 August 2010 and 13 January 2011 and sold within 3 years of purchase
Example 1
Mr C purchased his residential property on 22 June 2010 and sold it on 25 November 2010 for $1,500,000.
- Holding period : Less than 1 year
| 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 |
($1,140,000 / $100) x $3 |
$34,200 |
| SSD payable |
$39,600 |
Example 2
Mr H purchased his residential property on 18 September 2010 and sold it on 23 November 2011 for $1,500,000.
| Every $100 or part thereof of the first $180,000 |
($180,000 / $100) x 0.67 |
$1,206 |
| Every $100 or part thereof of the next $180,000 |
($180,000 / $100) x 1.33 |
$2,394 |
| Every $100 or part thereof of the remainder |
($1,140,000 / $100) x 2 |
$22,800 |
| SSD payable |
$26,400 |
Example 3
Mr K purchased his residential property on 25 September 2010 and sold it on 23 August 2013 for $1,500,000.
| Every $100 or part thereof of the first $180,000 |
($180,000 / $100) x 0.33 |
$594 |
| Every $100 or part thereof of the next $180,000 |
($180,000 / $100) x 0.67 |
$1,206 |
| Every $100 or part thereof of the remainder |
($1,140,000 / $100) x 1 |
$11,400 |
| SSD payable |
$13,200 |
Computation of SSD for properties bought on or after 14 January 2011 and sold within 4 years of purchase
Example 4
Mr M purchased his residential property on 22 February 2011 and sold it on 25 January 2012 for $1,500,000.
| 16% of consideration or value, whichever is higher |
$1,500,000 x 16% |
$240,000 |
| SSD payable |
$240,000 |
Example 5
Mr P purchased his residential property on 23 February 2011 and sold it on 25 May 2012 for $1,500,000.
| 12% of consideration or value, whichever is higher |
$1,500,000 x 12% |
$180,000 |
| SSD payable |
$180,000 |
Example 6
Mr Q purchased his residential property on 24 February 2011 and sold it on 10 June 2013 for $1,500,000.
| 8% of consideration or value, whichever is higher |
$1,500,000 x 8% |
$120,000 |
| SSD payable |
$120,000 |
Example 7
Mr T purchased his residential property on 25 February 2011 and sold it on 5 June 2014 for $1,500,000.
| 4% of consideration or value, whichever is higher |
$1,500,000 x 4% |
$60,000 |
| SSD payable |
$60,000 |
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