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Stamp duty

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What are the Stamp Duty rates for:

 Lease duty

 i) Before 22 February 2014   

 

  Lease Duty Rates

 (a) Where average annual rent (AAR) does not exceed $1,000  

 Exempted  

 (b) Where AAR exceeds $1,000 :   

 Lease period up to 1 year  

 Every $250 or part thereof of the AAR   

 $1  

 Lease period of more than 1 year and up to 3 years  

 $2  

 Lease period of more than 3 years or for any indefinite term

 $4  

 

 ii) On and After 22 February 2014    

 

 Lease Duty  Rates

 (a) Where average annual rent (AAR) does not exceed $1,000  

 Exempted  

 (b) Where AAR exceeds $1,000 :  

 Lease period of 4 years or less  

 0.4% of total rent for the period of the lease  

 Lease period of more than 4 years or for any indefinite term  

 0.4% of 4 times the AAR for the period of the lease  

  

 Illustrations

 For documents dated on and after 22 February 2014 where lease period is 4 years or less  

 Lease period and rent  

   Lease Duty

 3 months at 

 $3,000 for the 1st month  

 $3,000 for the 2nd month  

 $4,000 for the 3rd month  

 Total rent = $3,000 + $3,000 + $4,000   = $10,000 

 Lease duty = 0.4% x $10,000 = $40.00  

  

 3 years at 

 $2,500 per month for the 1st year  

 $3,000 per month for the 2nd year   

 $4,000 per month for the 3rd year  

 Total rent = ($2,500 + $3,000 + $4,000 ) x 12
                 =
 
114,000

 Lease duty = 0.4% x $114,000  
                    = $456.00

  

 4 years at 

 $3,500 per month for 1st year  

 $4,000 per month for 2nd year  

 $4,300 per month for 3rd year  

 $5,300 per month for 4th year  

 Total rent = ($3,500 + $4,000 + $4,300 +  $5,300 ) x 12 = $ 205,200

Lease duty = 0.4% x  $205,200 = $820.80  
                 
= $820.00 (rounded down to the nearest dollar)

 

 

 For documents dated on and after 22 February 2014 where lease period is more than 4 years 

 Lease period and rent 

 Lease Duty 

 5 years at

 $1,800 per month for the 1st year

 $2,000 per month for the 2nd year

 $2,500 per month for the 3rd year

 $3,000 per month for the 4th year

 $3,300 per month for the 5th year

 Total rent = ($1,800 + $2,000 + $2,500 +  $3,000 + $3,300) x 12 = $151,200

 Average annual rent = $151,200/5  years = $30,240           

  4 times of the average annual rent   = $30,240 x 4 = $120,960

 Lease duty = 0.4% x $120,960 = $483.84 
                
  = $483.00 (rounded down to the nearest dollar)

 

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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)

 Based on the purchase price or market value, whichever is higher

 i) Before 22 February 2014     

 

 BSD Rates 

 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   

 

  ii) On and After 22 February 2014

 

 BSD Rates 

 First $180,000 

 1% 

 Next $180,000 

 2% 

 Remainder 

 3%  

 

 Illustrations 

 Assuming a property is purchased at $2,500,550 on 1 Mar 2014 which is reflective of market value 

 

   BSD 

 1% on the first $180,000

 1% x $180,000 

 $  1,800 .00

 2% on the next $180,000

 2% x $180,000

 $  3,600 .00

 3% on the remainder

 3% x $2,140,550

 $64,216.50

 Total

 

 $69,616.50

 BSD payable  (rounded down to the nearest dollar)

 

 $69,616.00

 

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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

1% of the first $180,000

2% of the next $180,000

3% on the remainder

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%

 

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

Based on the selling price or market value, whichever is higher

 

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, whichever 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

 * SSD payable to be rounded down to the nearest dollar.

 

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 Mortgage duty

  i)  Before 22 February 2014    

 

 Mortgage Duty 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)

 Transfer, Assignment or Disposition of any Mortgage or Debenture

 Every $1,000 of the amount transferred, assigned or disposed, inclusive of interest which is in arrear

 $2.00
(Maximum duty payable is $500)

 

   ii) On and After 22 February 2014 

 

 Mortgage Duty Rates 

 Mortgage

 Based on the amount of facilities granted on mortgage of immovable property or stocks and shares

 0.4%
(Maximum duty payable is $500)

 Equitable Mortgage

 0.2%
(Maximum duty payable is $500)

 Variation to Mortgage

 0.4%
(Maximum duty payable is $500)

 

 Transfer, Assignment or Disposition of any Mortgage or Debenture 

Baed on the amount transferred, assigned or disposed, inclusive of interest which is in arrear  

 0.2%
(Maximum duty payable is $500)

 

 Illustrations  

a) Assume the facilities of $250,000 granted on the mortgage dated 1 Mar 2014

  Mortgage duty = 0.4% x $250,000
                       = $1,000
                       = $500.00 (maximum duty)   

b) Assume the facilities of $90,500 granted on the mortgage dated 1 Mar 2014
  
  Mortgage duty   = 0.4% x $90,500 
                         = $362.00
  

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Share transfer duty

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

  

 i) Before 22 February 2014

 Duty on Shares  

 Share Transfer Duty Rate 

 Based on the purchase price or market value, whichever is higher

 - Every $100 or part thereof

  

 $0.20

  

 ii) On and After 22 February 2014 

 Duty on Shares  

 Share Transfer Duty Rate 

 Based on the purchase price or market value of shares transferred, whichever is higher

 0.2%

  

 Illustrations  

Assuming a share transfer dated 1 Mar 2014 at $3,550 which is reflective of market value. 

 Share transfer duty   = 0.2% x $3,550 
                                      = $7.10 
                                      = $7.00 (rounded down to the nearest dollar)

For documents dated on or after 22 Feb 2014, the duties payable are rounded down to the nearest dollar and subject to a minimum duty of $1.

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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 (SSD) 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:

  1.  Select the appropriate calculator to use :   
  2.  Select the type of document.  
  3.   Key in the details in the blue coloured boxes.  
  4.   Press the "Enter" or "Tab" key. The Stamp Duty amount will be displayed in the yellow box. 

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Last Updated on 12 March 2014


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