SSD for residential property – House for sale in Singapore
House for sale in Singapore – Seller’s Stamp Duty (SSD) is payable by the seller for residential property if it is sold within 4 years of holding period for OTP exercised from 14/1/2011 onwards. The SSD rates payable by the seller is as follows:
Holding Period | Seller’s Stamp Duty |
1 year or less | 16% of price sold |
2 years or less | 12% of price sold |
3 years or less | 8% of price sold |
4 years or less | 4% of price sold |
Computation of holding period is based on exercise date of purchase to exercise date of resale.
If stamp duty is payable, it has to be paid within 2 weeks after exercising OTP.
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