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Buyer's Stamp Duty (BSD) is a tax of up to 6% incurred upon buying property in Singapore. This article will help you understand the latest BSD rates, when you need to pay it, and when you are exempted.
Buyer's Stamp Duty (BSD) BSD is tax paid on documents signed when you buy or acquire property located in Singapore. On this page: Manner of acquisitions. Requirement to pay BSD. Manner of acquisitions. Examples of property acquisition in which ad valorem stamp duty (i.e. BSD, ABSD and SSD, whichever applicable) is payable:
How to calculate buyer stamp duty for a private property and HDB? Let us discuss a worked example to show how the buyer’s stamp duties are calculated. Let’s say Adam bought a private condo at a market valuation of $3,500,550 and a purchase price of $3,200,550.
3. Who should pay BSD? BSD is payable by the buyer or transferee. 4. How do I calculate my BSD?
6 Νοε 2023 · Here’s a shortcut – if the property is being sold for or is valued below $1 million, you can use this formula to calculate the BSD instead: (3% x purchase price or market value) – $5,400. You will arrive at the same result. BSD is rounded down to the nearest dollar and subject to a minimum duty of $1. Additional Buyer’s Stamp Duty.
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.
myTax Portal. Stamp Duty Calculator. Verification Code. Enter verification code* Inland Revenue Authority of Singapore. myTax Portal is a secured and personalised portal for you to view and manage your tax transactions with IRAS.
