With reference to the Budget 2018 update issued by the Inland Revenue Authority of Singapore (IRAS) on the changes to the rate structure of the buyer’s stamp duty (BSD) with effect from 20 February 2018.

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Real estate agents and their salespersons are to take note and inform their clients that BSD rates are differentiated between residential and non-residential properties. The top marginal BSD rate for residential properties has been increased to 4% where the consideration or market value exceeds $1 million. There are no changes to the BSD rates for non-residential properties.
IRAS is conducting a Stamp Duty seminar next Monday, 26 February 2018, 5-6 pm, at the Revenue House Auditorium to brief on the BSD changes, the new remissions for BSD and changes in the e-Stamping Portal. To register for the seminar, please visit IRAS website.
If you or your salespersons require further clarification pertaining to the above, please refer to IRAS’ e-Tax Guide on Buyer’s Stamp Duty on Residential and Non-Residential Properties.