Determining SSD Liability

Whether SSD is payable and the rate will depend on:
A. The type of property sold or disposed
B. The date of purchase or acquisition 
C. The date of sale or disposal

  1. Date of exercise of Option to Purchase by the buyer
  2. Date of Sale & Purchase Agreement signed by the buyer
  3. Date of transfer where (1) and (2) are not available nor applicable

A. The Type of Property Sold or Disposed

The type of property is a residential property.

B. The Date of Purchase or Acquisition

If a residential property is purchased on or after 20 Feb 2010, SSD is payable if the residential property is sold within the holding period.

C. The Date of Sale or Disposal

The rates of SSD payable on residential property purchased on and after 20 Feb 2010 and sold within certain duration, are summarized in the table below:

Date of Purchase or Date of Change of Zoning /  Use Holding PeriodSSD Rate (on the actual price or market value, whichever is higher)
Between 20 Feb 2010 and 29 Aug 2010 (all  inclusive)    Up to 1 year 1% on first $180,000
 2% on next $180,000
 3% on remainder
More than 1  year  No SSD payable 
Between 30 Aug 2010 and 13 Jan 2011 (all  inclusive)            Up to 1 year  1% on first $180,000
 2% on next $180,000
 3% on remainder
More than 1  year and up to 2  years 0.67% on first $180,000
 1.33% on next $180,000
 2% on remainder
More than 2 years and up to 3 years     0.33% on first $180,000
 0.67% on next $180,000
 1% on remainder
More than 3 yearsNo SSD payable 
Between 14 Jan 2011 and 10 Mar 2017 (all inclusive)           Up to 1 year 16%
More than 1 year and up to 2 years 12%
More than 2  years and up to 3  years     8% 
More than 3  years and up to 4  years     4%
More than 4  years  No SSD payable
 On and after 11 Mar 2017      Up to 1 year 12%
More than 1 year and up to 2 years 8%
More than 2 years and up to 3 years4%
 More than 3 years No SSD payable

Notes

  1. Where land is sold with existing building, the liability for SSD will be based on the zoning of the land in the Master Plan.
  2. For non-residential property that is re-zoned or the permitted use is changed to residential, the date of acquisition of the property will be the date of rezoning or the change of use.
  3. SSD payable to be rounded down to the nearest dollar.

 

Rates and Computation

SSD is computed by applying the requisite SSD rate on the selling price or the market value of the property as at the date of sale or disposal, whichever is higher.

Where parts of the property was acquired by the vendor at different times, the holding period for each part acquired will be computed from the respective acquisition date.  

Where the sale or disposal comprises only a partial interest in the residential property, SSD payable will be based on the selling price or market value of the partial interest, whichever is higher. 

  • Holding period : Less than 1 year (Sale of the property on or after 22 Feb 2015 will not be subjected to SSD).
16% of selling price or market value, whichever is higher  $1,500,000 x 16%
 SSD payable  = $240,000

 

  • Holding period : More than 2 years and up to 3 years (Sale of the property on or after 24 Feb 2015 will not be subjected to SSD).
8% of selling price or market value, whichever is higher  $1,500,000 x 8%
 SSD payable  = $120,000

 

    • Holding period : More than 1 year and up to 2 years (Sale of the property on or after 24 Apr 2020 will not be subjected to SSD).
    8% of selling price or market value, whichever is higher  $1,500,000 x 8%
     SSD payable  = $120,000

     

      Exemptions from SSD for Residential Properties under the Stamp Duties Act

      SSD for residential properties is exempted for sellers / transferors under the following scenarios:

      1. Licensed housing developers who are governed under the Housing Developers (Control and Licensing) Act need not pay SSD when selling residential properties developed by them.
      2. Public authorities in exercising their functions and duties need not pay SSD when selling residential properties, e.g. Housing & Development Board (HDB), Jurong Town Corporation (JTC).
      3. Residential property owners need not pay SSD when their properties are acquired by the Government under the Land Acquisitions Act.
      4. Residential property owners need not pay SSD when selling their residential properties due to bankruptcy or involuntary winding up.
      5. Foreigners need not pay SSD when they have to sell their residential properties as required under the Residential Properties Act.
      6. For HDB flat sellers or transferors who bought or acquired their flats on or after 30 Aug 2010 and their flats have been identified for Selective Enbloc Redevelopment Scheme (SERS) but sell their flats in the open market before HDB claims them.
      7. HDB flat sellers or transferors who return their flats to HDB as a result of re-possession by HDB or under the SERS.

      Remissions of SSD for Residential Properties under the Remission Rules

      SSD for residential properties may be remitted for sellers / transferors under the following scenarios. Application for remission is required by sellers / transferors.

      1. Non-licensed developers may be eligible for remission of SSD when selling residential properties developed by them only if they are registered companies or businesses, and are lawfully carrying on the business of housing development.
      2. If a beneficiary sells his inherited property, he can apply for SSD remission to treat the date that the deceased acquired the property as the acquisition date.

        Scenarios:

        • If the deceased had acquired the property before 20 Feb 2010 , SSD will not apply to the beneficiary when he sells the property. 
        • If the deceased had acquired the property on or after 20 Feb 2010, SSD will be payable by the beneficiary if he sells the property within one year from the date of acquisition by the deceased.
        • If the deceased had acquired the property between 30 Aug 2010 and 13 Jan 2011, the beneficiary must pay two-thirds of duty (SSD) if he sells the property within the second year of acquisition by the deceased. If the beneficiary sells the property within the third year of acquisition by the deceased, one-third of duty (SSD) will apply.
        • If the deceased had acquired the property on or after 14 Jan 2011, the beneficiary must pay SSD when he sells the property within four years of acquisition by the deceased. For example, if the property is sold in the first year of acquisition by the deceased, the beneficiary must pay SSD based on a rate of 16%.
      3. If a buyer or transferee qualifies for remission or relief of buyer's stamp duty for a residential property under the following remission rules, the seller or transferor of the same transaction will enjoy the remission of SSD:

      Administration

      1. Where SSD is payable, stamping or payment can be done via the e-Stamping website under the e-stamping form 'Sale and Purchase of Immovable Property (Seller's Stamp Duty)'.
      2. To access this form, you can click on the e-Stamping link and locate the form under the header 'Sale & Purchase of Immovable Property'.
      3. You do not need to submit your documents to IRAS for stamping and payment of SSD.
      4. You can click on How to Pay Stamp Duty for details of the payment modes.
      5. Law firms representing the sellers of residential properties need to ensure that the sellers complete the Seller's Stamp Duty for Residential Properties Declaration Form  (90 KB) and forward a copy of the completed form to IRAS when the sellers need to pay SSD. 

      RATE THIS PAGE

      • Strongly Disagree
      • Strongly Agree

      Information is easy to understand.

      Information is useful.

      Information is easy to find.

      Please email us if you would like us to respond to your enquiries.