BUYER’S STAMP DUTY
BSD is payable on all property you buy in Singapore. The amount of BSD to be paid is based on:
- The purchase price of the property, as stated in the signed sale and purchase agreement; or
- The market value of the property, as obtained from valuation reports of the property;
whichever is the higher of the two.
How to calculate Buyer’s Stamp Duty
The current BSD rates are:
| Purchase price or market value of property | BSD rate |
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Remaining amount | 4% |
For example, if the purchase price of a property is $600,000, the BSD payable will be:
(1% x $180,000) + (2% x $180,000) + (3% x (600,000 – 180,000 – 180,000)) = $12,600.
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.