Singapore Stamp Duty Guide: BSD, ABSD & SSD Explained
Buyer's Stamp Duty (BSD)
BSD applies to all property purchases in Singapore. The rates are progressive: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000, 5% on the next $1,500,000, and 6% on the remaining amount. For a $1.5M property, the BSD would be approximately $44,600. BSD is payable within 14 days of signing the Sale & Purchase Agreement.
Additional Buyer's Stamp Duty (ABSD)
ABSD is an additional tax layered on top of BSD, with rates depending on your residency status and the number of properties you own. Singapore Citizens: 0% (1st property), 20% (2nd), 30% (3rd+). Permanent Residents: 5% (1st), 30% (2nd+). Foreigners: 60% (all purchases). Entities: 65% (all purchases). These rates were last revised in April 2023.
Seller's Stamp Duty (SSD)
SSD applies when you sell a property within 3 years of purchase. The rates are: 12% if sold within the 1st year, 8% if sold in the 2nd year, and 4% if sold in the 3rd year. No SSD applies if the property is sold after 3 years. SSD is calculated on the selling price or market value, whichever is higher.
ABSD Remission for Married Couples
Married couples where at least one spouse is a Singapore Citizen can apply for ABSD remission on the purchase of a second residential property, provided they sell their existing property within 6 months of the new property's purchase date (for completed properties) or 6 months after TOP/CSC (for under-construction properties).