Seller Stamp Duties And Additional Seller Stamp Duties

IRAS
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20170310 Friday Property Cooling Measures

Seller's Stamp Duty (SSD) - 20100220

For Homes bought after 20170311:

The SSD holding period will be cut to three years, down from four. This means properties sold more than three years after purchase will not attract SSD.
The SSD rates will also be lowered by four percentage points for each tier.
For example, currently, the seller of a property held for for one year or less will have to pay 16 per cent in SSD. With the change, this will be lowered to 12 per cent. A seller of a house held for three years ago or less will pay 4 per cent, down from 8 per cent.

Holding period of 1 year : 12% of price or market value, whichever is higher

Holding period of 2 years : 8% of price or market value, whichever is higher

Holding period of 3 years : 4% of price or market value, whichever is higher

Holding period of 4 years : 0% of price or market value, whichever is higher

Total Debt Servicing Ratio (TDSR)

Financial institutions must ensure that borrowers' monthly repayment for all debts does not exceed 60 per cent of their monthly income. This includes the mortgage, credit card bills, car loans, personal loans, and so on.

Additional Buyer's Stamp Duty (ABSD)

General loan-to-value (LTV) limits

The LTV ratio refers to the ratio of the home loan to the value of the property.
What's the change: There is no change to the 60 per cent threshold, but it will no longer apply to mortgage equity withdrawal loans with loan-to-value ratios of 50 per cent and below.
These refer to loans which allow borrowers to use residential properties as collateral to get cash. This change will benefit asset-rich but cash-poor retirees.

Loan to value (LTV) is the housing loan quantum a bank or financial institution is willing offer as a percentage of the property's valuation. LTV limits were tightened in 2013.
LTV is now up to 80 per cent of the property's value but subject to TDSR. It also depends on whether this is your first, second or subsequent mortgage and your loan tenure.
For example, a buyer looking for a second housing loan, and one that extends beyond 30 years or his retirement age (set at 65), can only borrow up to 30 per cent of the value of the property, subject to TDSR.

Stamp duty

Sale & purchase

Seller's Stamp Duty (SSD) ( Residenial )
Seller's Stamp Duty (SSD) ( Industrial )

Buyer's Stamp Duty (BSD)
Additional Buyer's Stamp Duty (ABSD)

20140306 CEA Practice Circular Standard Stamp Duty Rate Structure

 Buyer's stamp duty
 Share transfer duty
 Lease duty
 Mortgage duty

20130112 CEA Practice Circular

20130112

BSD

BUYER'S STAMP DUTY

All Transaction

Value > S$360,000

3% - S%5,400

Thereafter onwards

2nd S$180,000/=

First S$180,000/=

ABSD For Properties Purchased
after 6th July 2018

ABSD

ADDITIONAL BUYER STAMP DUTY

20130112

In additional to

( 3% - S$5,400 )

ABSD RATE

addition to standard stamp duty schedule

1st

2nd

3rd & Subsequent

Citizenship

Property

Singapore Citizens

10%

Permanent Residents

10%

Foreigners n Corporate

15%

SSD
SELLER'S STAMP DUTY

Property Sold within	1st year	2nd year	3rd year	4th Year

For Residential Properties
Additional Stamp Duty
Revised 20170311	12%	8%	4%	0%

For Industrial Properties and Land
Additional Stamp Duty	15%	10%	5%	0%

11th Jan 2013
MND Ministry of National Development
Additional Measures to Ensure a Stable and Sustainable Property Market

IRAS NEWS

2012 01 12 ADDITIONAL STAMP DUTIES

Stamp Duty: Additional Buyer’s Stamp Duty

(ABSD) on Purchase of Residential Properties
Revised Edition

ANNEX I REVISE STAMP DUTIES 20130112

FOREIGN BUYERS AND
NON-INDIVIDUAL ( CORPORATE ) :
1st Property 3%* + 15 %

PERMENANT RESIDENTS:
1st Property 3% - S$5,400 + 5%
2nd Property onwards 3% - S$5,400 + 10%

SINGAPORE CITIZEN:
1st Property 3% - S$5,400
2nd Property 3% - S$5,400 + 7%
3rd Property onwards 3% - S$5,400 + 10%

2011 12 07 Stamp Duties

FOREIGN BUYERS AND
NON-INDIVIDUAL ( CORPORATE ) :
1st Property 3% - S$5,400 + 13%

PERMENANT RESIDENTS:
1st Property 3% - S$5,400 + 3%
2nd Property 3% - S$5,400 + 6%

SINGAPORE CITIZEN:
1st and 2nd Property 3% - S$5,400 +
3rd Property onwards 3% - S$5,400 + 6%

Buyer's Stamp Duty (BSD)

Conveyance Rates
Based on the purchase price or market value, whichever is higher

- Every $100 or part thereof of the first $180,000 $1.00

- Every $100 or part thereof of the next $180,000 $2.00

- Thereafter, every $100 or part thereof $3.00

HDB Resale

MAS NEWS

BANK LOAN

1st Property 80% Loan

2nd Property onwards 60% Loan

2012 Oct 6th :
first loan 80% , 2nd loan onwards 60%
MAS Restricts Loan Tenure for Residential Properties

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Additional Buyer Stamp Duties (ABSD)

Additional Buyer Stamp Duties on Purchase of Residential Properties wef 2011 12 07

On 7 December 2011, the Government has announced the implementation of additional buyer’s stamp duty (ABSD) to be paid by certain profiles of people who buy or acquire residential properties (including residential land).

The affected buyers on and after 8 December 2011 would have to pay ABSD on top of the existing buyer’s stamp duty (BSD).

Affected Buyers

a) Foreigners and non-individuals

b) Singapore Permanent Residents (PR) who already own 1 or more residential properties, whether owned wholly, partially, or jointly with others

c) Singapore Citizens (SC) who already own 2 or more residential properties, whether owned wholly, partially, or jointly with others

The new ABSD is payable by affected buyers at fixed rates on the actual price paid or market value of the property whichever is the higher.

The ABSD rate will be 10% for (a), and 3% for (b) and (c), on the total price or market value of the property.

BSD continues to be payable by all property buyers at unchanged rates.

Effective Date of Implementation of ABSD

ABSD will apply to Contracts or Agreements (whichever is earlier), or Documents of Transfer*, dated on or after 8 December 2011.

Where an Option To Purchase has been granted on or before 7 December 2011 and exercised thereafter on or before 28 December 2011, without any extension of the option validity period, ABSD will be remitted upon application.

*Where Contracts or Agreements are not applicable

Seller Stamp Duties wef 2010 February

In February 2010, the Government imposed a seller’s stamp duty (SSD) on sellers who buy (or acquire) residential properties on or after 20 February 2010 and sell (or disposed of) them within one year of acquisition.

The amount of SSD is computed based on the same rates as the buyer's stamp duty.

On 30 Aug 2010, the Government further announced that SSD will be payable on residential properties which are acquired (or purchased) on or after 30 Aug 2010 and disposed of (or sold) within 3 years of acquisition.

The amount of SSD for the holding period of 1 year is computed based on the same rates as the buyer's stamp duty, but will be reduced to 2/3 and 1/3 of the amount of buyer's stamp duty for holding period of 2 years and 3 years respectively.

On 13 January 2011, the Government announced the extension of the holding period for imposition of SSD on residential properties from 3 years to 4 years based on new rates.

The new SSD rates will be imposed on residential properties which are acquired (or purchased) on or after 14 January 2011 and disposed of (or sold) within 4 years of acquisition, as follows :

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

REALTOR Angie Chua - Residential

91005678 Buy Sell Rent Residential Commercial Industrial Properties Singapore

Thursday, March 01, 2012