In the dynamic world of Singapore real estate, understanding various taxes and regulations is crucial. One such tax is the Additional Buyer's Stamp Duty (ABSD), a levy imposed on top of the standard Buyer's Stamp Duty (BSD) for certain property purchases.
Think of ABSD as an extra tax you might need to pay when buying property in Singapore. It's like a surcharge on top of your regular property tax.
| Nationality | Property | ABSD Rates |
|---|---|---|
| Singaporean | 2nd | 20% |
| Singaporean | 3rd | 30% |
| Permanant Resident | 1st | 5% |
| Permanant Resident | 2nd | 30% |
| Permanant Resident | 3rd | 35% |
| Foreigner | All | 60% |
Purchasing a property in Singapore involves various taxes and regulations. One such tax is the Buyer's Stamp Duty (BSD), levied on all property transactions. However, depending on your residency status and the number of properties you own, you may also be subject to an additional tax called Additional Buyer's Stamp Duty (ABSD).
posted in Dec 2024
