The BSD is a stamp duty levied on any property purchase in Singapore, whether it's residential or not. So it applies regardless of whether you're buying an HDB flat, private property or commercial property. BSD is always based on the higher of your property purchase price or valuation. For example, say your Sale and Purchase Agreement states a price of...
The BSD is a stamp duty levied on any property purchase in Singapore, whether it's residential or not. So it applies regardless of whether you're buying an HDB flat, private property or commercial property.Buyer's Stamp Duty for residential properties
In the second scenario, where part of the property is temporarily used for non-residential purposes, you will still pay the residential rate. If the payment is delayed for more than three months, you'll be fined either $25, or four times the BSD payable, whichever is higher .The Additional Buyer's Stamp Duty is covered here. As the name implies, the ABSD is payable on top of the BSD.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2023: Buyer's stamp duty to increase for higher-value propertiesSINGAPORE: The buyer's stamp duty rate will increase for both residential and non-residential properties of higher value, Deputy Prime Minister Lawrence Wong said in his Budget speech on Tuesday (Feb 14). Buyer's stamp duty is a tax paid on documents signed when one buys or acquires property in Singapore.
Read more »
Impact of rise in buyer’s stamp duty falls mainly on luxury properties: AnalystsSINGAPORE: A rise in the buyer’s stamp duty (BSD), announced in the Budget on Tuesday (Feb 14), will affect mainly high-end luxury properties, property agents and analysts said. Property agents said that there were some transactions for properties of higher value that were brought forward but no great ru
Read more »
Singapore Budget 2023 Updates | Yahoo Singapore | Yahoo Singapore
Read more »
Resident talks to Jamus Lim about challenges of households led by singles in Singapore - Singapore NewsThese are some of the issues that The Workers’ Party has spoken up about on a number of occasions to make things easier for this group, Jamus Lim said.
Read more »
Cost-of-living cash payout, higher buyer's stamp duty: 7 things you need to know about Budget 2023From cash payouts to help Singaporeans cope with the cost of living to longer paternity leave, here are 7 things you need to know about Budget2023
Read more »
Budget 2023: Increased buyer's stamp duty for higher-value properties, higher taxes on luxury cars and tobacco products to bring in extra govt revenueSINGAPORE — The Government is imposing higher taxes on luxury homes as well as more than half of non-residential properties with effect from Wednesday (Feb 15). This is expected to generate S$500 million in additional revenue a year.
Read more »