Singapore Stamp Duty Calculator
Total Stamp Duty: $23,600
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| Amount (SGD) | Rate | |
| Stamp Duty Breakdown | Duty Amount | Tax Rate |
| Property Price | $1,000,000 | Base |
| First $180,000 (1%) | $1,800 | 1.0% |
| Next $180,000 (2%) | $3,600 | 2.0% |
| Next $640,000 (3%) | $19,200 | 3.0% |
| Remaining Amount (4%) | $0 | 4.0% |
| Buyer Stamp Duty (BSD) | $24,600 | 2.46% |
| Additional Buyer Stamp Duty (ABSD) | $0 | 0.0% |
| Total Stamp Duty | $24,600 | 2.46% |
| Transaction Summary | Details | |
| Property Type | Residential | |
| Buyer Profile | Singapore Citizen | |
| Property Category | HDB Flat | |
| Number of Properties | First Property | |
| Cost Breakdown | Amount | |
| Property Price | $1,000,000 | |
| Stamp Duty | $24,600 | |
| Legal Fees (Est.) | $3,000 | |
| Total Transaction Cost | $1,027,600 | |
Stamp Duty Rate Structure
| Property Value Range | BSD Rate | Your BSD | Cumulative |
|---|---|---|---|
| First $180,000 | 1% | $1,800 | $1,800 |
| Next $180,000 | 2% | $3,600 | $5,400 |
| Next $640,000 | 3% | $19,200 | $24,600 |
| Above $1,000,000 | 4% | $0 | $24,600 |
| Total BSD | 2.46% | $24,600 | $24,600 |
The Singapore Stamp Duty Calculator helps property buyers and sellers calculate the stamp duty payable on property transactions. This calculator covers Buyer Stamp Duty (BSD), Additional Buyer Stamp Duty (ABSD), and Seller Stamp Duty (SSD) based on current IRAS rates.
Singapore Stamp Duty Overview
Stamp duty is a tax levied on legal documents related to property transactions in Singapore. The amount depends on the property value, buyer's profile, and number of properties owned. Understanding stamp duty is crucial for accurate property investment planning.
Types of Stamp Duty
Buyer Stamp Duty (BSD)
- Applies to all property purchases in Singapore
- Progressive rates from 1% to 4% based on property value
- Payable by the buyer within 14 days of signing
- Same rates for all buyers regardless of citizenship
Additional Buyer Stamp Duty (ABSD)
- Additional tax for certain buyer profiles
- Rates vary by citizenship and number of properties
- Ranges from 0% to 65% depending on buyer profile
- Introduced as a cooling measure for property market
Seller Stamp Duty (SSD)
- Applies to residential properties sold within 3 years
- Rates decrease with longer holding periods
- Ranges from 12% (within 1 year) to 4% (2-3 years)
- No SSD if property held for 3+ years
Buyer Stamp Duty (BSD) Rates 2024
| Property Value | BSD Rate | Example Calculation |
|---|---|---|
| First $180,000 | 1% | $1,800 |
| Next $180,000 ($180,001 - $360,000) | 2% | $3,600 |
| Next $640,000 ($360,001 - $1,000,000) | 3% | $19,200 |
| Above $1,000,000 | 4% | 4% of excess |
Additional Buyer Stamp Duty (ABSD) Rates 2024
Residential Properties
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Property |
|---|---|---|---|
| Singapore Citizen | 0% | 17% | 25% |
| Singapore PR | 5% | 25% | 30% |
| Foreigner (Individual) | 60% | 65% | 65% |
| Local Company | 35% | 40% | 40% |
| Foreign Company | 65% | 70% | 70% |
Non-Residential Properties
| Buyer Profile | ABSD Rate | Notes |
|---|---|---|
| Singapore Citizen/PR | 0% | No ABSD for individuals |
| Foreigner (Individual) | 0% | No ABSD for individuals |
| Local Company | 35% | Flat rate |
| Foreign Company | 65% | Flat rate |
Seller Stamp Duty (SSD) Rates 2024
| Holding Period | SSD Rate | Example (on $1M property) |
|---|---|---|
| Up to 1 year | 12% | $120,000 |
| More than 1 year, up to 2 years | 8% | $80,000 |
| More than 2 years, up to 3 years | 4% | $40,000 |
| More than 3 years | 0% | $0 |
Stamp Duty Exemptions and Remissions
ABSD Remissions
- Spousal Transfer—No ABSD between spouses
- Divorce Settlement—ABSD remission for court-ordered transfers
- Inheritance—No ABSD for inherited properties
- En-bloc Sale—Special provisions for collective sales
SSD Exemptions
- Inherited Properties—No SSD on inherited properties
- Compulsory Acquisition—Government acquisition exemption
- En-bloc Sales—Collective sale exemptions
- Family Arrangements—Certain family transfers
Stamp Duty Payment Process
Payment Timeline
- BSD—Within 14 days of signing Option to Purchase
- ABSD—Within 14 days of signing Option to Purchase
- SSD—Within 14 days of completion of sale
- Late Payment—5% penalty for each month of delay
Payment Methods
- IRAS e-Stamping—Online payment system
- Bank Transfer—Direct bank transfer to IRAS
- Cheque—Physical cheque payment
- Lawyer's Account—Payment through conveyancing lawyer
Property Categories and Stamp Duty
HDB Flats
- Subject to BSD only (no ABSD for citizens/PRs)
- Foreigners cannot purchase HDB flats
- Resale levy may apply for upgraders
- CPF usage affects stamp duty calculation
Private Residential
- Subject to both BSD and ABSD
- Includes condominiums and landed properties
- Higher ABSD rates for multiple properties
- SSD applies if sold within 3 years
Executive Condominiums (EC)
- Similar to private residential after MOP
- Restricted eligibility during initial years
- ABSD applies after privatization
- Special rules for EC upgraders
Commercial Properties
- Subject to BSD only for individuals
- Companies pay ABSD on commercial properties
- No SSD for commercial properties
- Different valuation methods may apply
Stamp Duty Planning Strategies
Timing Considerations
- Holding Period—Hold properties for 3+ years to avoid SSD
- Purchase Sequence—Plan property purchases to minimize ABSD
- Disposal Strategy—Sell existing property before buying new one
- Market Timing—Consider market cycles for optimal timing
Ownership Structures
- Joint Ownership—Consider joint tenancy vs tenancy-in-common
- Trust Structures—Use of trusts for estate planning
- Corporate Ownership—Evaluate company ownership implications
- Spousal Arrangements—Optimize ownership between spouses
Recent Changes and Updates
2023 Cooling Measures
- Increased ABSD rates for all buyer categories
- Tightened loan-to-value ratios
- Enhanced anti-speculation measures
- Stricter enforcement of existing rules
Upcoming Changes
- Potential further ABSD adjustments
- Digital transformation of stamp duty processes
- Enhanced data sharing between agencies
- Streamlined payment and refund processes
How to Use the Calculator
To use the Singapore Stamp Duty Calculator:
- Enter the property purchase price
- Select the property type and category
- Choose your buyer profile and citizenship status
- Specify the number of properties you own
- Include transaction details like date and purchase method
- Add buyer and property details for accurate calculation
- Select calculation type (buyer, seller, or both)
- Click "Calculate" to see the stamp duty breakdown
The calculator will show BSD, ABSD, and total stamp duty payable.
Important Considerations
When calculating stamp duty in Singapore:
- Accurate Information—Ensure all buyer and property details are correct
- Professional Advice—Consult lawyers for complex transactions
- Payment Deadlines—Adhere to strict payment timelines
- Documentation—Keep all payment receipts and documents
- Rate Changes—Stay updated on policy changes
This calculator provides estimates based on current IRAS stamp duty rates and structure. Actual stamp duty amounts should be verified with official IRAS calculations and legal professionals. For complex transactions or specific circumstances, professional advice is recommended.
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