Buyer’s Stamp Duty (BSD) on Residential Properties
21 Feb 2018

Buyer’s Stamp Duty (BSD) is payable on acquisition of immovable properties, based on the higher of the consideration or market value. The BSD rates are also applicable  to lease-related instruments where there is a lump-sum premium payable.

Prior to 20 February 2018, the same BSD rates are applied to both residential and non-residential properties as illustrated below.

  • In an effort to reflect a more progressive tax system, the top marginal rate for residential properties would be increased to 4% with effect  from 20 February 2018. The BSD rates for non-residential properties remain unchanged.
  • In the case of a mixed-use or mixed-zoning property (with both residential and non-residential components), the new BSD rate of up to 4% will  apply to the residential component whereas the  existing top marginal rate of 3% will apply to the  non-residential component.
  • Stamp duty remission may be available under certain circumstances (e.g. acquisition made during transition period, acquisition of residential land for  non-residential development etc.)


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