Deprecated: Function Elementor\DB::is_built_with_elementor is deprecated since version 3.2.0! Use Plugin::$instance->documents->get( $post_id )->is_built_with_elementor() instead. in /home/tanangrk/propertywiki.sg/wp-includes/functions.php on line 5379
How do I calculate buyer stamp duty? - PropertyWiki
Today we received a query, that is relatively common especially from expats and new Singapore PRs.Imagine this – You wish to buy a S$900,000 property and as a Singapore PR, you would need to pay the buyer stamp duty (BSD) of 3% + 5% additional buyer stamp duty (ABSD). So for $900,000, the total stamp duty is $21,600 (BSD) + $45,000 (ABSD) = $66,600. The client was shocked and went, “Wrong! It’s $72,000!”

“Why are my stamp duty calculations wrong?”

PropertyWiki FAQ of the Week!Today we received a query, that is relatively common especially from expats and new Singapore PRs.

Imagine this – You wish to buy a S$900,000 property and as a Singapore PR, you would need to pay the buyer stamp duty (BSD) of 3% + 5% additional buyer stamp duty (ABSD). So for $900,000, the total stamp duty is $21,600 (BSD) + $45,000 (ABSD) = $66,600. The client was shocked and went, “Wrong! It’s $72,000!”

So the final verdict, we are correct. How this is possible? IRAS giving discount to homebuyers?

The answer lies in the calculation breakdown table below

Purchase Price or Valuation (whichever is higher) BSD Rates for residential properties BSD Rates for non-residential properties
First $180,000 1% 1%
Next $180,000 2% 2%
Next $640,000 3% 3%
Remaining Amount 4% (applies for above 1 Mil) 3%

For this client case, his BSD and ABSD is calculated like this.

Buyer Stamp Duty Additional Buyer Stamp Duty
$180,000 * 1% = $1,800
$180,000 * 2% = $3,600
$540,000 * 3% = $16,200Total: $1.8k + $3.6k + $16.2k = $21,600
$900,000 * 5% = $45,000

Total Stamp duty = $21,600 + $45,000 = $66,600

So what if this same PR makes a purchase of a S$1,100,000 property?

Buyer Stamp Duty Additional Buyer Stamp Duty
$180,000 * 1% = $1,800
$180,000 * 2% = $3,600
$640,000 * 3% = $19,200Remaining $100,000*4% = $4,000

Total: $1.8k + $3.6k + $19.2K + $4k = $28,600

$1,100,000 * 5% = $55,000

Total Stamp duty = $28,600 + $55,000 = $83,600