Additional Buyer's Stamp Duty (ABSD)

Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Determining ABSD Liability

The ABSD liability will depend on the profile of the buyer as at the date of purchase or acquisition of the residential property:
A. Whether the buyer is an individual or an entity
B. The residency status of the buyer and
C. The count of residential properties owned by the buyer

  1. Date of execution of the Acceptance to the Option to Purchase or
  2. Date of Sale & Purchase Agreement or
  3. Date of transfer where (1) and (2) are not available nor applicable

A. Whether the Buyer is an Individual or an Entity

An entity means a person who is not an individual. It includes the following:
  • An unincorporated association
  • A trustee for a collective investment scheme when acting in that capacity
  • A trustee-manager for a business trust when acting in that capacity
  • The partners of the partnership whether or not any of them is an individual, where the property conveyed, transferred or assigned is to be held as partnership property

If a property is jointly purchased by buyers of different profiles, the profile with the highest ABSD rate will apply.

If A purchases a residential property to be held on trust for the beneficial owner B, ABSD is charged based on the profile of the beneficial owner, B.

B. The Residency Status of the Buyer

If a buyer has applied for Singapore Citizenship or Singapore Permanent Residency, he must have obtained the formal approval from the Immigration and Checkpoint Authority (ICA) for that residency status as at the date of purchase in order to enjoy lower ABSD liability. 

C. The Count of Residential Properties Owned by the Buyer

If a Contract or an Agreement to purchase the property has been signed, that property is to be included in the count of properties owned by a buyer (A) from the date of acceptance of the agreement, even if it has not been legally transferred to him as he already has an equitable interest in the property.

This also includes the purchase of an uncompleted unit from the developer if the Sale & Purchase Agreement has been signed.

Similarly, the property is to be excluded from the count of properties owned by a buyer (A) if there is already a Contract or an Agreement to sell his property and the new buyer (B) has executed his option to buy the property.

As long as a buyer owns any share of interest in a property, that property will be included in the count of properties owned by him. For example, if a person jointly owns a property with his wife, and owns 20% share of another property with his sibling, the number of properties owned by him is counted as two properties.

If A purchases a residential property to be held in trust for the beneficial owner (B), the property will be included as a count for B.

Although many properties may be bought under a single contract, each property will be counted as a separate property. Where applicable, the buyer may choose any one of the multiple properties to be subject to ABSD. For example, if a Singapore Citizen who does not own any residential property decides to purchase two residential properties in one contract, he may choose any one of the units to be subject to ABSD.

In the case of a building with multiple units approved by URA but under a single title, ABSD will be based on the number of multiple units. 

Apart from properties that have been purchased, properties acquired or transferred by way of gift, inheritance, release, settlement, declaration of trust (where the beneficial interest of the property passes to the beneficiary), letter of authority and exchange are to be included in the property count.

HDB shops with living quarters or shophouses with a portion permitted for residential use will be included as a residential property count.

All residential properties gazetted for compulsory acquisition are to be excluded from the count of properties.

All residential properties located outside Singapore are to be excluded.

Rates and Computation

BSD and ABSD Rates on the higher of the purchase price or market value
 Profile of Buyer BSD RatesABSD Rates from 8 Dec 2011 to 11 Jan 2013ABSD Rates from 12 Jan 2013
Singapore Citizens (SC)1 buying first residential property

1% on first $180,000

2% on next $180,000

3% for the remainder        

 Not applicable  Not applicable 
SC1 buying second residential property Not applicable  7%
SC1 buying third and subsequent residential property 3% 10%
Singapore Permanent Residents (SPR)1 buying first residential property Not applicable  5%
SPR1 buying second and subsequent residential property 3%  10%
Foreigners (FR) and entities2 buying any residential property 10%15%  

 

 

 1  Whether owned wholly, partially or jointly with others.

 2 An Entity means a person who is not an individual. It includes the following:

  • An unincorporated association,
  • A trustee for a collective investment scheme when acting in that capacity,
  • A trustee-manager for a business trust when acting in that capacity
  • The partners of the partnership whether or not any of them is an individual, where the property conveyed, transferred or assigned is to be held as partnership property.

3  BSD and ABSD are to be rounded down to the nearest dollar.

 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

 

 Computation of ABSD  
15% of $2,000,000  $300,000
 ABSD $300,000

 Total Stamp Duty Payable = $54,600 + $300,000

                                              = $354,600 

 

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