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 of up to 30% may also be applicable.
For the definition of residential properties, click here.
All buyers/ transferees (i.e. individuals, entities, housing developers) of residential properties are required* to fill in an ABSD Declaration Form (PDF, 111KB) to be witnessed by their lawyers (if applicable). The form must be retained and submitted to IRAS only upon request.