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 D. Rates applicable
The type of property is a residential property.
1. Marriage Date; or
2. Date of original purchase of property;
whichever is later.
Date of Sale/ Disposal refers to:
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:
Notes
SSD is computed by applying the requisite SSD rate on the higher of the selling price or the market value of the property as at the date of sale or disposal.
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 higher of the selling price or market value of the partial interest.
In this example, if the sale of the property is on or after 22 Feb 2015, no SSD is payable.
In this example, if the sale of the property is on or after17 Mar 2020, no SSD is payable.
SSD for residential properties is exempt for sellers / transferors under the following scenarios. No application to Commissioner of Stamp Duties is required for the sellers / transferors.
SSD for residential properties may be remitted for sellers / transferors under the following scenarios. Application for remission is required by sellers / transferors.
, PDF
For properties undergoing collective sale, the date of disposal is the date of the contract for the sale of the development between the sellers (represented by the collective sale committee) and the buyer.
All owners (consenting or not) whose properties were sold within the prescribed SSD holding period are liable to pay the SSD within 14 days from the date of the executed collective sale contract.
In your case, you would be liable to pay 12% SSD.
SSD must be paid within 14 days from the date of the executed sale contract; penalty will be imposed for late stamping and payment. There is no deferment of stamp duty payment.
However, for properties undergoing collective sale, we are prepared to support the request to waive penalty incurred up to the date of grant of the collective sale order (not up to the legal sale completion), provided that the collective sale contract is stamped within 14 days from the date of the executed contract.
To request for the waiver of penalty up to the date of grant of the collective sale order, after stamping the document, the buyer or his legal representative will have to email a copy of the executed collective sale contract to estamp@iras.gov.sg and quote the document reference number (generated upon stamping).
There would be a penalty of 5% per annum calculated on a daily basis until the stamp duty is paid. Please refer to Late Payment of Stamp Duty for more details.
No, you are not required to pay SSD on the half share in the matrimonial property acquired from your ex-spouse on 1 Jun 2017. As the transfer of your ex-spouse’s share of the property to you was done pursuant to the divorce and in accordance with the court order, you are treated to have acquired the half share in the property on the date of marriage or date of original purchase of property, whichever is later, for SSD purpose. In your case, the date of acquisition is taken as the date of original purchase of property on 1 Feb 2000 as the property was acquired after your date of marriage.
No, you are not required to pay SSD on the sale of the inherited property. As the transfer of the property to you was pursuant to inheritance, the date of your acquisition of the property is treated as the date on which your late father purchased the property (i.e. 1 Sep 1999) for SSD purpose.
If your acquisition of part-share of the HDB flat on 22 Jun 2018 was granted remission under the Stamp Duties (Transfer of HDB Flat within Family) (Remission) Rules 2007, the date that you acquired part-share of the flat is treated as the date on which your mother purchased the property (i.e. 1 Sep 1990) for SSD purpose. Hence, the sale of flat will not attract SSD. However, if your acquisition of the part-share of the flat on 22 Jun 2018 did not qualify for the above-mentioned remission, you are required to pay 12% SSD on your part-share as it is sold within a year from acquisition. The SSD payable is based on the higher of the selling price or market value of the part share of the property.
Yes, as you acquired your wife’s half share of the property on 10 Mar 2018 and sold the property on 1 Sep 2018 within the SSD holding period, you are required to pay 12% SSD on the half share of the property that you had acquired from your wife. The SSD payable is based on the higher of the selling price or market value of the half share of the property.
Yes. For HDB flats, the applicable MOP depends on the purchase mode, flat type, and date of flat application or key collection, while the SSD holding period commences from the date of purchase (to determine date of purchase, please click here). While you may have fulfilled the MOP for your flat, 4% SSD is still payable as the flat is sold within the SSD holding period. The SSD payable is based on the higher of the selling price or market value of the property.
No. At the time of the sale of your property, you were not a bankrupt. Hence, the sale of your property would not qualify for the SSD exemption given to an adjudged bankrupt who has to dispose of the residential property as a result of the bankruptcy.