Buying or Acquiring Property

What is the Duty that I need to pay as a Buyer or Transferee of a Property? 

BSD rates of up to 3% is applicable to acquisition of non-residential properties. 

For residential properties, BSD rates of up to 4% are chargeable. ABSD may also be applicable.

For definition of residential properties, click here.

All buyers/ transferees (except entities) of residential properties are required to fill in an ABSD Declaration Form to be witnessed by their lawyers. The form must be retained and submitted to IRAS only upon request.