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
The type of property is a residential property.
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.
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:
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.
SSD for residential properties is exempted for sellers / transferors under the following scenarios:
SSD for residential properties may be remitted for sellers / transferors under the following scenarios. Application for remission is required by sellers / transferors.