Welcome to the Ultimate Property Stamp Duty Calculator
Whether you’re a first-time homebuyer or an experienced investor, understanding the stamp duty payable on your property purchase is essential.
Our easy-to-use tool helps you calculate both Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD) accurately, saving you time and effort in the property buying process. Use our calculator to get an instant estimate today!
Stamp Duty Calculator
Property Stamp Duty in Singapore: What You Need to Know
What is Buyer’s Stamp Duty (BSD)?
Buyer’s Stamp Duty (BSD) is a tax that all property buyers in Singapore must pay when purchasing property. The stamp duty rate is calculated based on the purchase price or market value of the property, whichever is higher. Understanding BSD is crucial for planning your property investment or home purchase, as it can impact your overall budget.
What is Additional Buyer’s Stamp Duty (ABSD)?
Additional Buyer’s Stamp Duty (ABSD) is an extra tax imposed on specific buyers based on their residency status and the number of properties they already own in Singapore. Foreigners, for instance, face higher ABSD rates. Knowing if you’re subject to ABSD and how much you need to pay can help you manage your finances more effectively.
When is Stamp Duty Payable?
Stamp Duty must be paid within 14 days after the signed sale and purchase agreement or option to purchase (OTP) is executed. Our calculator will give you an accurate breakdown, so you’re always prepared.
How Is Buyer’s Stamp Duty (BSD) Calculated?
Buyer’s Stamp Duty is calculated based on the price or market value of the property, whichever is higher. Here’s a breakdown of the BSD rates:
- 1% on the first $180,000 of the property price
- 2% on the next $180,000 of the property price
- 3% on the remaining amount above $360,000
Example: For a property valued at $1,000,000, the BSD calculation would be:
1% of $180,000 = $1,800 2% of the next $180,000 = $3,600 3% of the remaining $640,000 = $19,200 Total BSD: $24,600
How Is Additional Buyer’s Stamp Duty (ABSD) Calculated?
The ABSD rate varies based on your residency status and the number of properties you already own in Singapore. Here’s a quick look at the ABSD rates:
Singapore Citizens (SC):
- First Property: No ABSD
- Second Property: 20%
- Third and Subsequent Properties: 30%
Singapore Permanent Residents (SPR):
- First Property: 5%
- Second Property: 30%
- Third and Subsequent Properties: 35%
Foreigners:
- Any Residential Property: 60%
Example: For a foreigner purchasing a property worth $1,000,000, the ABSD would be 60% of $1,000,000, equaling $600,000.
Get More Information
If you’re unsure about the specifics of your stamp duty obligations or need further advice, you can always reach out to mortgage consultants like us who will be able to give you an accurate number based on your personal circumsances.
