Buyer’s Stamp Duty wef 15 February 2023 #
With effect from 15 February 2023, the top marginal BSD rate for residential properties is 6%, and the top marginal rate for non-residential properties is 5%. Higher marginal BSD rates for higher-value residential and non-residential properties are introduced, as follows:
- Before 15 February 2023 (i.e. 20 Feb 2018 to 14 Feb 2023)
| Purchase price/market value (whichever higher) | Residential BSD Rates^ | Non-Residential BSD Rates^ |
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Exceeding $1,000,000 | 4% |
^BSD is to be rounded down to the nearest dollar
- On or after 15 February 2023
| Purchase price/market value (whichever higher) | Residential BSD Rates^ | Non-Residential BSD Rates^ |
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Next $500,000 | 4% | 4% |
| Next $1,500,000 | 5% | 5% |
| Exceeding $3,000,000 | 6% |
^BSD is to be rounded down to the nearest dollar
Correspondingly, the Additional Conveyance Duties for Buyers (ACDB), which applies to qualifying acquisitions of equity interest in property holding entities, will be raised from up to 44% to up to 46%. The new BSD rates apply to documents executed on or after 15 February 2023 for the acquisition of immovable properties and leases where there is a premium.
BSD Transitional Remission #
There will be a transitional provision, where the BSD rates on or before 14 February 2023 will apply for cases that meet all the conditions below:
- The OTP was granted by sellers to potential buyers on or before 14 February 2023;
- This OTP is exercised on or before 7 March 2023, or within the OTP validity period, whichever is earlier; and
- This OTP has not been varied on or after 15 February 2023.
The buyer or his/her legal representative may apply to IRAS for remission to apply the BSD rates prior to 15 February 2023.
Stamp Duty Calculator #
To calculate stamp duty payable, you may wish to use IRAS’ Stamp Duty Calculator.
Caution: The information may contain errors, be incomplete, or be affected by changes in government policies, laws, or regulations. We do not accept any liability for any inaccuracies or errors in the information provided. It is your responsibility to verify any information before relying on it. You should also consult with your professional advisors to confirm the accuracy and applicability of any information provided.
