Buyer Stamp Duty (BSD)

 

Any property purchaser buying any property in Singapore have to pay Buyer Stamp Duty (BSD) or Additional Buyer Stamp Duty (ABSD) if applicable. Buyer Stamp Duty is based on the property purchase price or property market value (whichever is higher).

In the event of any cash back, rebate or any sort of cash discount given to the purchaser upon execution of the document, the original price and final nett price of the property has to be declared for property taxation. Other form of benefits like those non cash benefit like furniture vouchers will not be applicable.

 

Property Purchase through Collective Sales

For properties that are being sold collectively to a single purchaser, computation of the Stamp Duty will be based on the total purchase price of the properties if

1. the multiple properties have a single contract or
2. when the properties purchase are conditional and dependent on each other.

 

Single Contract for Multiple Properties Stamp Duty

For multiple properties signed on a single contract for collective sales together with each individual property purchase documents, the stamp duty will be computed based on the single contract total purchase price.

 

Stamp Duty on Multiple Documents

 

Buyer Stamp duty Rates and Computation

Buyer Stamp Duty (BSD) is calculated accordingly to the market value or the purchase price of the mentioned property, which is higher.

Before 20 Feb 2018, the buyer stamp duty was up to 3%. Thereafter, there are differences for stamp duty between non residential and residential properties. For residential properties, the stamp duty rate will be up to 4%.

There will be Additional Buyer Stamp Duty for Singapore Citizen or Singapore Permanent Resident owning 2 or more properties, or purchasers buying under foreigner name or entity.

Purchase Price	Residential Properties BSD Rates	Non Residential Properties BSD Rates
First $180,000	1%	1%
Next $180,000	2%	2%
Next $640,000	3%	3%
Remaining Amount	4%	3%

Buyer Stamp Duty BSD Rates

 

Sample Scenarios on BSD Computation

Example 1: Purchase Price at $2,500,550 on 1 Mar 2014

Property Market Value	BSD Rate	Computation
First 180,000	1%	= 1,800 (1% * 180,000)
Next 180,000	2%	= 3,600 (2% * 180,000)
Balance 2,140,550	3%	= 64,216.50 (3% * 2,140,550)
BSD		= 69,616.50 (1,800 + 3,600 + 64,216.50)
Total BSD Payable		= $69,616

 

Example 2: Purchase Price at $2,500,550 on 30 Mar 2018

Property Market Value	BSD Rate	Computation
First 180,000	1%	= 1,800 (1% * 180,000)
Next 180,000	2%	= 3,600 (2% * 180,000)
Next 640,000	3%	= 19,200 (3% * 640,000)
Remaining 1,500,550	4%	= 60,022 (4% x 1,500,550)
Total BSD Payable		= $84,622