Calculate Your Property BSD and ABSD
Buyer's Stamp Duty (BSD)
Additional Buyer's Stamp Duty (ABSD)
Buyer's Stamp Duty (BSD)
OR
*BSD is rounded down to the nearest dollar, subject to a minimum duty of $1.
Additional Buyer's Stamp Duty (ABSD)
Types of Duties Payable in Singapore
1. Buyer's Stamp Duty (BSD)
In Singapore, you are required to pay BSD for the transfer or sale and purchase of both residential and non-residential properties. The BSD rates for residential properties and non-residential properties are slightly different.
However, the BSD rates are both calculated based on the purchase price in the document to be stamped or market value, whichever amount is higher.
How Much Do You Need to Pay for Singapore BSD?
BSD Rates
| Purchase Price or Market Value# | BSD Rates (Residential) | BSD Rates (Non-Residential) |
|---|---|---|
| First SGD180,000 | 1% | 1% |
| Next SGD 180,000 | 2% | 2% |
| Next SGD 640,000 | 3% | 3% |
| Remaining Amount | 4% | 3% |
*Updated on 20 FEB 2018
#Whichever value is higher
Is BSD Deductible?
Most of the time, there will be benefits included when buying a property in Singapore. The types of benefits associated with property acquisition are categorized as cash benefit and non-cash benefit.
Cash Benefit
The discount amount offered in property purchases can be in terms of cash, non-post-dated cheque, or cheque. You can deduct this discount amount from the property purchase price for lower stamp duty purposes.
However, the final BSD amount you are paying is based on either purchase price or market value, whichever value is higher. Thus, cash benefit will not help to lower your BSD if your property market value is higher than your discounted purchase price.
Please take note that only the cash benefit stated in the document to be stamped is deductible from the purchase price. Cash benefit not stated in the document will not be considered.
Non-Cash Benefit
As a purchaser, sometimes you get special bundled offers from the developers like furniture vouchers, rental guarantees, cars, or lucky draw prizes. These are non-cash benefits and unfortunately, the value of non-cash benefits is not deductible from your purchase price.
In addition, it is not deductible even if it is stated in the documents to be stamped.
2. Additional Buyer's Stamp Duty (ABSD)
For ABSD, the term “additional” sounds like it only applies to property investors buying second property onwards. However, this is only true for Singaporeans.
If you happen to be a Singapore Permanent Resident or a Foreigner, you need to pay for ABSD on top of BSD even if you are buying your first property. The same rule applies to entities buying their first property in Singapore.
From time to time, the rates of ASBD will be raised or revised as a cooling measure for private residential and HDB resale markets.
How Much is Singapore ABSD Rates?
ABSD Rates
| Properties | Singapore Citizens | Permanent Residents | Foreigners | Entities |
|---|---|---|---|---|
| First Property | 0% | 5% | 30% | 35% |
| Second Property | 17% | 25% | 30% | 35% |
| Third & Subsequent | 25% | 30% | 30% | 35% |
How is ABSD Different from BSD?
ABSD rate is determined based on the profile of purchasers and the number of properties under their name. It is payable on top of BSD, which is determined based on the property purchase price, market value, and types of properties.
Example One:
Mr. A is a Singaporean and he marries Ms. B who is a Singapore Permanent Resident. They jointly purchase their first property in Singapore. The ABSD rate will be based on Ms. B, which is 5% instead of 0%.
Example Two:
Mr. C is a Singapore Permanent Resident and he purchases a property to be held in trust for the beneficial owner, Mr. D. Mr. D is a foreigner. So, the ABSD rate for this case will be based on Mr. D at 30%.
3. Seller's Stamp Duty (SSD)
Similar to BSD, SSD is calculated based on either the selling price or the market value on the date of sale or disposal, whichever value is higher.
If the sale or disposal involves only a partial interest in the residential property, SSD payable will be based on the partial interest. Again, it will take the higher value of the selling price or the market value on the date of sale or disposal.
What is the Rate of SSD in Singapore?
SSD Rates
| Holding Period | SSD Rates (on Actual Price or Market Value#) |
|---|---|
| Up to 1 year | 12% |
| More than 1 year and up to 2 years | 8% |
| More than 2 years and up to 3 years | 4% |
| More than 3 years | 0% |
*Updated on 11 MAR 2017
#Whichever value is higher