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ADDITIONAL BUYER’S STAMP DUTIES (ABSD)(Applies only to Residential)
WEF 12 Jan 2013
ABSD STRUCTURE (BASIC)
Citizenship ABSD (1st
Purchase)ABSD (2nd
Purchase)ABSD (3rd
Purchase)SC 0% 7% 10%SPR 5% 10% 10%Foreigners + non‐individuals (corporate)
15% 15% 15%
^ For purchases made jointly by two or more parties, the higher applicable ABSD rate will be imposed.
ABSD FOR MARRIED COUPLES & ABSD REFUND FOR PURCHASE OF SECOND RESIDENTIAL PROPERTY
4 scenarios: (Applies ONLY to Residential)1. Married Couple who are both SC2. Married Couple who are SC‐SPR3. Married Couple who are SC‐FR4. Married Couple who are SPR‐FR
^Owned means: owned wholly, or owned partially or jointly with others
# Subject to approval of the application for remission (by way of lower ABSD rate or full remission)
1. MARRIED (BOTH SC)
Current Properties ^owned by each spouse
Co‐purchase of next property
Properties ^owned by SC1 after co‐purchase
Properties ^owned by SC2 after co‐purchase
ABSD Refund of ABSD
SC1 SC2
0 0
1
1 1 0% NA
1 0 2 1 7% SC1 disposes 1st property
1 1 2 2 7% SC1&SC2 disposes both 1st properties
Co‐owned 1 2 2 7% SC1&SC2 disposes 1st property
2 0 3 1 10% NA
Co‐owned 2 3 3 10% NA
2. MARRIED (SC‐SPR)Current Properties ^owned by each spouse
Co‐purchase of next property
Properties ^owned by SC1 after co‐purchase
Properties ^owned by SC2 after co‐purchase
ABSD Refund of ABSD
SC1 SPR2
0 0
1
1 1 0%# NA
1 0 2 1 7% SC1 disposes 1st property
0 1 1 2 10% SPR2 disposes 1st properties
1 1 2 2 10% SC1&SPR2 disposes both 1st properties
Co‐owned 1 2 2 10% SC1&SPR2 disposes 1st property
2 0 3 1 10% NA
Co‐owned 2 3 3 10% NA
Extra Row
3. MARRIED (SC‐FR)Current Properties ^owned by each spouse
Co‐purchase of next property
Properties ^owned by SC1 after co‐purchase
Properties ^owned by SC2 after co‐purchase
ABSD Refund of ABSD
SC1 FR2
0 0
1
1 1 0%# NA
1 0 2 1 15% SC1 disposes 1st property
0 1 1 2 15% FR2 disposes 1st properties
1 1 2 2 15% SC1&FR2 disposes both 1st properties
Co‐owned 1 2 2 15% SC1&FR2 disposes 1st property
2 0 3 1 15% NA
Co‐owned 2 3 3 15% NA
Extra Row
4. MARRIED (SPR‐FR)
Current Properties ^owned by each spouse
Co‐purchase of next property
Properties ^owned by SC1 after co‐purchase
Properties ^owned by SC2 after co‐purchase
ABSD Refund of ABSD
SC1 FR2
0 0
1
1 1 15% NA
1 0 2 1 15% NA
0 1 1 2 15% NA
1 1 2 2 15% NA
Co‐owned 1 2 2 15% NA
2 0 3 1 15% NA
Co‐owned 2 3 3 15% NA
Extra Row
SUMMARY
1. ABSD structure (Basic)
2. For purchases made jointly by two or more parties, the higher applicable ABSD rate will be imposed.
3. ABSD / Refund for Married Couples1. Both SC2. SC‐SPR3. SC‐FR4. SPR‐FR
SUMMARY ‐ EXAMPLE
Example:Scenario after co‐purchase of 1 new property by married couple:
Sell away 1st propertywithin 6 months@
SC 2 properties SC 2 properties
SC 1 property SC 1 property
ABSD Refund
@Within 6 months from the date of purchase of the second property (if it is a completed property) or TOP/CSC (whichever is earlier) of the second property (if it is an uncompleted property)
Only desired final outcome for refund
APPENDIX
Date of Sale or Disposal = Date of Purchase
1. Date of exercise of OTP by the buyer or2. Date of S&P signed by the buyer or3. Date of transfer where (1) and (2) are not
available nor applicable
SOURCES
http://www.straitstimes.com/sites/straitstimes.com/files/additionalMeasures.pdf
https://www.iras.gov.sg/irashome/uploadedFiles/IRASHome/e‐Tax_Guides/Stamp_Duty_ABSD_on_Purchase_of_Residential_Properties_Revised_Edition.pdf
CALL WILLIAM CHUI : (+65)8111‐5505
