TAXATION – SSD /ABSD

ABSD is a tax charged on second and subsequent property purchases for a buyer. The charge differs depending on the residency status of the buyer, meaning whether you’re a Singaporean citizen, permanent resident or a foreigner.

Type

1st Residential
Properties
2nd Residential
Properties
3rd Residential
Properties
Singapore CitizenN/A12%15%
Permanent
Residents
5%15%15%
Foreigner &
Corporate
Entities
20%20%20%

Seller’s stamp duty (SSD) Those who purchase residential land or property on or after 20 Feb 2010, and sell them within the holding period are liable to pay Seller’s Stamp Duty (SSD)

Date of PurchaseHolding Period
SSD Rate (on the actual price
or market value- whichever
higher
between 14/1/2011
till 10/03/2017
up to 1 year16%
> than 1 year and
up to 2 year
12%
> than 2 year and
up to 3 year
8%
> than 3 year and
up to 4 year
4%
> than 4 yearsNo SSD payable
On and after
11 Mar 2017
up to 1 year12%
> than 1 year and
up to 2 year
8%
> than 2 year and
up to 3 year
4%
> than 3 yearsNo SSD Payable