Stamp Duty Calculator 2023
Stamp Duty Calculator has been updated according to new marginal buyer stamp duties which came in effect on 27th April 2023. You can find out more information about the new marginal buyer stamp duties here
Buyer's Stamp Duty
Additional Buyer's Stamp Duty
0 (0%)
Total stamp duty:
$0
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Buying your next home?What is stamp duty?
Stamp duty refers to the tax relating to the purchase or lease of a property. In Singapore, it is payable to the Inland Revenue Authority of Singapore (IRAS).
The Buyer’s Stamp Duty (BSD) is payable on the purchase of all properties. Based on your residency status and the number of properties you own, you might also need to pay the Additional Buyer’s Stamp Duty (ABSD). Use our Stamp Duty Calculator to find out how much taxes you’re required to pay.
How do you calculate stamp duty in Singapore?
There are four types of stamp duties relating to the sale, purchase, acquisition or disposal of properties in Singapore. These are the Buyer’s Stamp Duty (BSD), Additional Buyer’s Stamp Duty (ABSD), Seller’s Stamp Duty (SSD) and stamp duty on rental tenancy agreements.
Buyer’s Stamp Duty (BSD)
The amount of BSD is calculated based on the purchase price or market value of your property (whichever is higher). From 15 February 2023, a higher marginal BSD have been imposed for higher-value residential and non-residential properties. This was based on Singapore's Budget speech on 14 February 2023 by Finance Minister Lawrence Wong.
The portion of a property's value in excess of S$1.5 million and up to S$3 million will be taxed at 5 per cent, while those in excess of S$3 million will be taxed at 6 per cent. This is up from 3 per cent and 4 per cent respectively previously.
Here are the BSD rates, as of 15 February 2023:
Look at the infographic below to see an example of the BSD calculation:
Additional Buyer’s Stamp Duty (ABSD)
ABSD is calculated based on the second and subsequent properties. The amount payable varies according to your residential status. The ABSD rates were last revised on 27 April 2023 to "promote a more sustainable property market and prioritise housing for owner-occupation" based on a joint statement by the Ministry of Finance (MOF), Ministry of National Development (MND) and Monetary Authority of Singapore (MAS).
Based on the new ABSD rates from 27 April 2023 onwards, there's no change in ABSD rates for Singaporeans and permanent residents (PRs) purchasing their first property.
However, there are some changes for Singaporeans and PRs purchasing their second and subsequent properties as well as foreigners who are buying any property. The increase in ABSD rates for foreigners is significant, as it has doubled from 30% to 60%.
Here are the ABSD rates as of 27 April 2023:
Look at the infographic below to see an example of the ABSD calculation:
Seller’s Stamp Duty (SSD)
The SSD is payable on properties sold within the three-year holding period after buying a property (on or after 20 February 2010). The SSD is in place to prevent house-flipping and control property prices.
Read this article for everything you need to know about the Seller’s Stamp Duty.
Stamp duty on rental tenancy agreements
If you rent a property or sign a contract to renew or extend your current lease, a rental stamp duty is payable. This is calculated based on the Average Annual Rent (AAR), computed based on monthly rent and lease period.
Stamp Duty Calculator has been updated according to new marginal buyer stamp duties which came in effect on 27th April 2023. You can find out more information about the new marginal buyer stamp duties here
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Frequently Asked Questions
What is Buyer’s Stamp Duty (BSD)?
Buyer’s Stamp Duty (BSD) is a tax that homebuyers have to pay when purchasing a property. The BSD is payable on the purchase of all properties in Singapore.
What is Additional Buyer’s Stamp Duty (ABSD)?
Additional Buyer’s Stamp Duty (ABSD) is a stamp duty to be paid on top of the Buyer’s Stamp Duty (BSD). Whether or not you need to pay for it depends on factors such as your residency status and the number of properties you own.
How do you calculate stamp duty?
The amount of stamp duty is calculated based on the purchase price or market value of your property (whichever is higher). You have to pay a total of 1% for the first $180,000, 2% for the next $180,000, 3% for the next $640,000 and 4% of the remaining amount.
If you’re a foreigner, PR or a Singaporean buying a second property, you’d have to pay the Additional Buyer’s Stamp Duty (ABSD). The ABSD rate for Singapore citizens are 17% for second property and 25% for third and subsequent property. PRs have to pay 5% for their first property, 25% for their second property and 30% for their third and subsequent property. Foreigners have to pay 30% for any property.
How much is stamp duty for rental in Singapore?
The amount of rental stamp duty is dependent on the monthly rent, as well as the duration of your lease period. If your average annual rent (AAR) does not exceed $1,000, you’re exempted. If your AAR exceeds $1,000 and your lease period is 4 years or less, you’ll have to pay 0.4% of total rent for the lease period, If your lease period is more than 4 years or for an indefinite term, the rate is 0.4% of 4 times the AAR for the lease period.
Can I use CPF to pay stamp duty?
Yes, you can use CPF to pay stamp duty.
Does seller need to pay stamp duty?
Seller’s only need to pay seller’s stamp duty (SSD) if their property is sold within the three-year holding period after buying a property. The SSD is a percentage of the valuation or price of the property being sold (whichever is higher), ranging from 4% to 12%. The earlier you sell, the higher the SSD.
