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What is stamp duty?
Stamp duty is a tax on dutiable documents relating to immovable properties in Singapore and any stocks or shares.
Share duty does not apply to share transfers with no documents executed, e.g. scripless shares that are listed on the stock exchange.
It functions as a wealth tax or a property market cooling measure to ensure the stability and sustainability of Singapore’s property market.
How is stamp duty computed?
Stamp duty is computed based on the consideration or market value of the relevant asset, whichever is higher.
There are three types of stamp duties for immovable properties in Singapore:
Buyer’s Stamp Duty (BSD)
BSD is levied on all purchases of property i.e. residential, commercial or industrial properties, with higher-value properties being subject to higher BSD rates.
Seller’s Stamp Duty (SSD)
SSD aims to discourage short-term speculative activity which could distort underlying prices of residential and industrial properties.
It is applied on sale of residential or industrial properties within the holding period, with lower rates in the later years.
Applies to residential properties bought on or after 20 February 2010, with the rates last revised on 4 July 2025
Applies to industrial properties bought on or after 12 January 2013
Additional Buyer’s Stamp Duty (ABSD)
ABSD aims to moderate investment demand for residential property to promote a stable and sustainable property market.
It is applied in addition to the BSD payable on the purchase of immovable residential properties in Singapore.
It is introduced on 8 December 2011 and the rates were last revised on 27 April 2023 to manage investment demand and prioritise housing for owner-occupation.
💡Please refer to IRAS website for full details on Buyer’s Stamp Duty, Seller’s Stamp Duty and Additional Buyer’s Stamp Duty.