Benson Koh - Real Estate and Muses
  • Home
  • About Benson
  • Career in Real Estate
  • Contact Benson
Benson Koh - Real Estate and Muses
Home
About Benson
Career in Real Estate
Contact Benson
  • Home
  • About Benson
  • Career in Real Estate
  • Contact Benson
Buyer's Guide, Legal Advice, Property Laws, Seller's Tips, Singapore Real Estate

Additional Buyer Stamp (ABSD) & Seller Stamp Duty (SSD) Explained

Since the introduction of Seller’s Stamp Duty (SSD) on 22 February 2010 and Additional Buyer Stamp Duty (ABSD) on 7 December 2011, there have been a number of revisions in the rates as the cooling measures intensify throughout the years.

This is the latest rate. (you can find out about the latest ABSD and LTV adjustment here since 5th July 2018)

Seller’s Stamp Duty
• Holding period of 1 year : 16% of price or market value, whichever is higher
• Holding period of 2 years : 12% of price or market value, whichever is higher
• Holding period of 3 years : 8% of price or market value, whichever is higher
• Holding period of 4 years : 4% of price or market value, whichever is higher

Properties acquired before 20 Feb 2010 will not be subject to SSD.

Additional Buyer’s Stamp Duty

a) FR and *entities- 15% on the purchase or acquisition of any residential property.

b) SPR – 5% on the purchase or acquisition of their first residential property

SPR who already own# 1 or more residential properties 10% on the purchase or acquisition of another residential property.

c) SC – who already own# one residential property 7% on the purchase or acquisition of the second residential property.

– SC who already own# 2 or more residential properties 10% on the purchase or acquisition of another residential property.

# Whether owned wholly, partially or jointly with others.
* Entity means a person who is not an individual, and includes an unincorporated association, a trustee for a collective investment scheme when acting in that capacity, a trustee-manager for a business trust when acting in that capacity and, in a case where the property conveyed, transferred or assigned is to be held as partnership property, the partners of the partnership whether or not any of them is an individual.

I have invited Ms. Dorothy Tay of LegalWorks Law Corporation to answer some of my questions to clear up some confusing facts of how both of it works. Legalworks is a boutique law firm that specializes solely in conveyancing and has lawyers of more than 20 years experience in the field. Ms. Dorothy Tay is the principle solicitor behind Legal Works.

LegalWorks Law Corp

Additional Buyer Stamp Duty (ABSD)

Q: Many people are very confused for a fact for this mix of spouse. When you have a Singapore Citizen (SC) and a Foreign (FR) Spouse. How much Additional Buyer Stamp Duty you are supposed to pay for your first matrimonial house?

Continue reading

May 18, 2015by Benson Koh

RECENT POSTS

New Cooling Measures Effective Today – ABSD & LTV adjustment

Brothers from different mothers

3 Strong Traits for the Strongest Partnership

Thoughts on Propnex and DWG merger

In one of our Enrich sessions

Why SRI makes sense for an experienced Realtor

Review of The Lumiere Hotel Phnom Penh – Cambodia

FOLLOW ME ON INSTAGRAM
bensonkoh
 #darbelle is 6 months old and counting whilst the parents are counting their blessings 🥰  Hi everyone  The other day in another country   Before heading home. Sunrise   Nolstagic colors  I know the Adidas ambassador for kids is a hoax, but he could have been an ambassador no? ◡̈  ❤️❤️ #darbelle  Happy LF for my real brother from another mother. Am already looking forward to this day for very long and little Beth is finally here safe and sound! Looking forward to play dates with my two Bs soon. ❤️❤️❤️❤️❤️❤️ #alphabeth #bal

“it's all about the experience...”

© 2015 copyright Benson Koh // All rights reserved // Singapore Realtors Inc (SRI)
It's all about the experience...