Stamp Duty Calculator

Yes, you will still need to pay the ABSD on top of the BSD. According to the Inland Revenue Authority of Singapore (IRAS) and the recent announcement by the Singapore Government in April 2023, the ABSD rates will be raised with effect from 27 April 2023. There is a transitional ABSD remission for residential properties acquired on or after 27 Apr 2023, subject to the remission conditions being met.

Following the recent revision of the ABSD rates by the Singapore Government, foreigners will be required to pay a 60% Additional Buyer’s Stamp Duty (ABSD), on top of the BSD. Foreigners will only be exempted from paying the ABSD if married to a Singaporean and do not have any ownership of any residential property.

At Moneysmart, we provide free and easy to use loan calculators such as mortgage calculator, TDSR calculator, property valuation calculator and more to ease your home buying burdens.

The Buyer’s Stamp Duty, or BSD, is a tax that every home buyer has to pay when they purchase a property. The amount you have to pay depends on the property price. The more expensive the property, the higher the tax. For residential properties, you will be charged 1% for the first $180,000, 2% for the next $180,000, 3% for the next $640,000, and 4% for the remaining amount. The amount you have to pay is rounded down to the nearest dollar.

Unlike the Buyer’s Stamp Duty, the Additional Buyer’s Stamp Duty, or ABSD, is a kind of tax on the purchase of a residential property in Singapore that only affects Singapore Permanent Residents and foreigners, or Singapore Citizens who are buying more than one property. For Singapore Citizens, they will be charged 20% for the second property purchase and 30% for the third & subsequent property purchase. For Singapore Permanent Residents, they will be charged 5% for the first property purchase and 30% for the second & subsequent property purchase. For foreigners, they will be charged 60% for each property purchase. Do note that ABSD is on top of BSD.

First, determine your nationality and the total sum you will be paying for your property. If you are a Singaporean, you pay 1% for the first $180,000, 2% for the next $180,000, 3% for the next $640,000, and 4% for the remaining amount. Too complicated? Key in your property’s details in the calculator above and let it do its magic.

Stamp duty should be paid within 14 days after the sale and purchase agreement or tenancy agreement is signed.

As the name explicitly states, the Buyer’s Stamp Duty is paid by the buyer or transferee. On the other hand, when there is a Seller Stamp Duty, it will be paid by the seller.

You can use your CPF OA money to pay stamp duty, legal fees and other administrative charges. Please note that due to the short timeline to have to pay BSD/ABSD, you have to pay in cash first and get reimbursed later via CPF as CPF board is unable to disburse within the stipulated time frame.

According to the Inland Revenue Authority of Singapore (IRAS), the stamp duty is payable by the landlord to the tenant, at the buyer's stamp duty rates. The amount is dependent on the monthly rent, as well as the duration of the lease. Generally, the guideline is 0.4% of total rent payable for the lease period (if the lease period is 4 years or less).

If the couple does not own any property, there is no need for remission and there is no ABSD if Singaporeans. Remission is for married couple selling away their first home but buying a second home first. They need to fulfil the conditions to qualify for the remissions. However, they have to pay the ABSD first.