Buyer's Stamp Duty (BSD)

BSD is tax paid on documents signed when you buy or acquire property located in Singapore.

Requirement to Pay BSD

You are required to pay BSD for documents executed for the sale and purchase of property located in Singapore. BSD will be computed on the purchase price as stated in the document to be stamped or market value of the property (whichever is the higher amount)

If the benefit is stated in the document to be stamped and is a cash discount (i.e. cash, non-post dated cashier order or cheque) to be given to the purchaser upon execution of the document (and not later), the amount of discount may be deducted from the purchase price to determine what is the amount of consideration for stamp duty purpose.  This is provided that the nett price is still reflective of market value. 

If the document to be stamped stated a non-cash benefit to be given (e.g. furniture voucher, rental guarantee, car or lucky draw), the value of benefit is not deductible from the purchase price for stamp duty purpose.  

If the cash or non- cash benefit is not stated in the document to be stamped, the value of the benefit is also not deductible from the purchase price for stamp duty purpose.

The first instrument executed relating to a sale and purchase is liable to ad valorem duty (i.e. full duty). Subsequent document(s) relating to the same sale transaction are not liable to Stamp Duty.

Acquisition of Property through an En-bloc Purchase or “Block” Purchase

Where multiple properties are acquired collectively, Stamp Duty will be calculated on the total purchase price of the multiple properties if:

  1. There is a single contract for the purchase of the multiple properties; or
  2. The purchases of the multiple properties are dependent and conditional on one another

Stamp Duty on a Single Contract for Multiple Properties

Where there is a single contract for the purchase of multiple properties followed by individual documents for the purchase of each property, the single contract should be stamped at ad valorem duty based on the total purchase price.

Stamp Duty on Multiple Documents

Where there are multiple documents (with purchases which are dependent and conditional on one another), only one of the documents is required to be stamped at ad valorem duty, based on the total purchase price of all the related properties.

For more information, please refer to our e-Tax Guide on the Stamp Duty Treatment For The Acquisition of Multiple Properties (Second Edition) (96KB).

Rates and Computation

BSD is computed based on the purchase price or market value of the property, whichever is higher. 

Purchase Price or Market Value of the Property BSD Rates
 First $180,000 1%
 Next $180,000 2%
 Remaining Amount 3%

 

Market Value of the Property   BSD Rate Calculation
 First $180,000 1% = $1,800 (1% x $180,000)
 Next $180,000 2% = $3,600 (2% x $180,000)
 Remaining $2,140,550 3% = $64,216.50 (3% x $2,140,550)
 BSD   = $69,616.50 ($1,800 + $3,600 + $64,216.50)
 BSD Payable (rounded down to the nearest dollar)   = $69,616


For rates before 22 Feb 2014, click here

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