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ABSD remission may be applicable for the acquisition of additional interest in a single residential property which the buyer already has interest in if the remission conditions are met.
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Conditions for remission

  1. Buyer acquires an additional interest in a single residential property which the buyer already has an existing interest in.
  2. The buyer is a relevant individual who is:
    • a Singapore Citizen who owns two residential properties immediately before acquiring the additional interest; or
    • a Singapore Permanent Resident who owns one residential property immediately before acquiring the additional interest.
    • For instruments executed on or after 27 Apr 2023, the remission applies to a Singapore Permanent Resident who owns two residential properties immediately before acquiring the additional interest.
Profile of the relevant individual before acquiring the additional interest(A)
ABSD applicable		(B)
ABSD remitted		(C)
ABSD payable after remission
Singapore Citizen who owns two residential properties30%10%20%
Singapore Permanent Resident (SPR) who owns one residential property30%25%5%
SPR who owns two residential properties35%5%30%

Where there is more than one relevant individual, the ABSD payable after remission shall be based on the highest applicable rate among the relevant individuals in column (C).

  1. Any other joint transferees under the instrument must have a lower applicable ABSD rate as compared to the relevant individual before the remission.
  2. Property is not held as a partnership property.
  3. For instruments executed on or after 9 May 2022, the property is not held on trust.

Link to legislation

Please refer to Stamp Duties (Transfer of Interest in Property which Buyer has Interest) (Remission of ABSD) Rules 2013 for the remission rules.

How to Apply

You can stamp at myTax Portal (Stamp Duty Login) to obtain the remission certificate.

If the stamping was submitted without the partial ABSD remission, please proceed to submit a request for assessment via myTax Portal (Stamp Duty Login) > “Request” > “Request for Assessment/Appeal for Waiver” with a copy of the liable document and the ABSD Declaration Form. Requests are generally processed within 2 months from receipt of complete information.

FAQs

I am an SC. I own 2 residential properties, 1 of which I own jointly with my mother, and the other with my husband. The properties were purchased before ABSD was introduced. My husband now wishes to transfer his share of the jointly owned property to me. Do I need to pay ABSD on the transfer given that I already own half share in the property?

As you are a Singapore citizen owning two residential properties (albeit partial interest in each property), the acquisition of your husband’s half share would be counted as your third residential property and subject to 30% ABSD.

However, as you are a Singapore citizen who owns two residential properties and are acquiring additional interest in one of the two residential properties which you already have interest in, you may be eligible for partial ABSD remission for Acquisition of Additional Interest in Property which Buyer has Interest which would reduce the ABSD payable to 20%.

Please note that BSD is still payable on the acquisition of your husband’s half share. You can stamp at myTax Portal (Stamp Duty Login) to obtain the remission certificate.

I am an SC. I own 3 residential properties, 2 in my sole name and the other jointly with my husband. My husband now wishes to transfer his share of the jointly owned property to me. Do I need to pay ABSD on the transfer given that I already own half share in the property?

As you are a Singapore citizen owning three residential properties, the acquisition of your husband’s half share would be counted as your fourth residential property and subject to 30% ABSD.

Please note that BSD is still payable on the acquisition of your husband’s half share.

I am an SPR. I own 1 residential property which I own jointly with my mother. My mother now wishes to transfer her share of the jointly owned property to me. What would be my property count and the ABSD payable on the transfer given that I already own half share in the property?

As you are a Singapore Permanent Resident who owns one property (albeit partial interest in the property), the acquisition of your mother’s half share would be counted as your second residential property and subject to 30% ABSD.

However, as you are a Singapore Permanent Resident who owns one residential property and are acquiring additional interest in the property which you already have a partial interest in, you may be eligible for the partial ABSD remission for Acquisition of Additional Interest in Property which Buyer has Interest which would reduce the ABSD payable to 5%.

Please note that BSD is still payable on the acquisition of your mother’s half share. You can stamp at myTax Portal (Stamp Duty Login) to obtain the remission certificate.