Buyer Stamp Duty
Buyer Stamp Duty Rates and Computation
Buyer Stamp Duty (BSD) Is Tax Paid On Documents Signed When You Acquire Or Buy Property In Singapore
On or After 20 Feb 2018
| Purchase Price / Market Value of the Property | Buyer Stamp Duty (BSD) % |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Remaining Amount | 4% |
For property value $1M or lesser
P.P X 3% – $5,400
For property value more than $1M
P.P X 4% – $15,400
Buyer Stamp Duty Is Calculated Based On The Higher Of The Property Market Value Or The Purchase Price
Example: A condo was purchased at $1,250,888 which is reflective of the market value.
| Purchase Price / Market Value of the Property | BSD % | Calculation |
|---|---|---|
| First $180,000 | 1% | = $1,800 (1% x $180,000) |
| Next $180,000 | 2% | = $3,600 (2% x $180,000) |
| Next $640,000 | 3% | = $19,200 (3% x $640,000) |
| Remaining $250,888 | 4% | = $10,035.52 (4% x $250,888) |
| Buyer Stamp Duty (BSD) | = $34,635.52 ($1,800+$3,600+$19,200+10,035.52 ) | |
| Buyer’s Stamp Duty (BSD) Payable (round down to the nearest dollar) |
= $34,635 |
For stamp duty purpose:
- Cash discount is deductible from the purchase price.
- A non-cash benefit, such as furniture voucher, car or lucky draw, rental guarantee, etc, the value of benefit is not deductible from the purchase price.
In the case of a mixed-use or mixed-zoning property, the new BSD rates of up to 4% and 3% apply to the residential and non-residential components respectively. The market value of the residential and non-residential components can be determined by a professional valuer.
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