ABSD - Singapore Condominium

Additional Buyer's Stamp Duty (ABSD)

(Updated on 27 Apr 2023)

ABSD Rates on the higher of the purchase price or market value

Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD)

ABSD Rates on/after 16 Dec 2021	1st Residential Property	2nd Residential Property	3rd Residential Property
Singapore Citizens (SC)	0% ABSD	20% ABSD	30% ABSD
Singapore Permanent Residents (SPR)	5% ABSD	30% ABSD	35% ABSD
Foreigners (FR)	60% ABSD
Entities/Trustees	65% ABSD

ABSD_Cooling_Measures on 27 Apr 2023

ABSD Rates and Remission for Married Couples

(A) Joint Purchase Made by a Married Couple who Does Not Own Any Residential Property
A married couple with at least one SC spouse jointly purchasing a residential property, where both the spouses do not own any residential property at the time of purchase, can apply for full ABSD remission.

(B) Joint Purchase of Second Residential Property by a Married Couple
A married couple with at least one SC spouse is eligible for ABSD refund on their second property if they sell their first property within 6 months after the date of purchase/TOP/CSC, whichever is applicable.

Table 1: Married Couple who are both SC

No. of properties currently owned* by each spouse		Joint purchase of next residential property	No. of properties owned* by each spouse after co-purchase		ABSD rates On/ after 27 Apr 2023	Refund of ABSD paid on purchase of second residential property
SC1	SC2	SC1+SC2	SC1	SC2
0	0	1	1	1	0%	Not applicable
1	0		2	1	20%	Only if the married couple disposes of the first property which they owned individually or co-owned.
1	1		2	2	20%
Co-owned 1			2	2	20%
2	0		3	1	30%	Not available
Co-owned 2			3	3	30%	Not available
* Properties owned include those owned wholly, or owned partially or jointly with others.

Table 2: Married Couple who are SC-SPR

No. of properties currently owned* by each spouse		Joint purchase of next residential property	No. of properties owned* by each spouse after co-purchase		ABSD rates On/ after 27 Apr 2023	Refund of ABSD paid on purchase of second residential property
SC	SPR	SC + SPR	SC	SPR
0	0	1	1	1	0%#	Not applicable
1	0		2	1	20%	Only if the married couple disposes of the first property which they owned individually or co-owned.
0	1		1	2	30%
1	1		2	2	30%
Co-owned 1			2	2	30%
2	0		3	1	30%	Not available
Co-owned 2			3	3	35%	Not available
* Properties owned include those owned wholly, or owned partially or jointly with others.
# Remitted ABSD of 5% (based on the buyer’s profile with the highest ABSD rate). Your legal representative can apply for full ABSD remission via the e-Stamping Portal.

Table 3: Married Couple who are SC-FR

No. of properties currently owned* by each spouse		Joint purchase of next residential property	No. of properties owned* by each spouse after co-purchase		ABSD rates On/ after 27 Apr 2023	Refund of ABSD paid on purchase of second residential property
SC	FR	SC + FR	SC	FR
0	0	1	1	1	0%#	Not applicable
1	0		2	1	60%	Only if the married couple disposes of the first property which they owned individually or co-owned.
0	1		1	2	60%
1	1		2	2	60%
Co-owned 1			2	2	60%
2	0		3	1	60%	Not available
Co-owned 2			3	3	60%	Not available
* Properties owned include those owned wholly, or owned partially or jointly with others.
# Remitted ABSD of 5% (based on the buyer’s profile with the highest ABSD rate). Your legal representative can apply for full ABSD remission via the e-Stamping Portal.

Table 4: Married Couple who are SPR-FR

No. of properties currently owned* by each spouse		Joint purchase of next residential property	No. of properties owned* by each spouse after co-purchase		ABSD rates On/ after 27 Apr 2023	Refund of ABSD paid on purchase of second residential property
SPR	FR	SPR + FR	SPR	FR
0	0	1	1	1	60%	Not available
1	0		2	1	60%
0	1		1	2	60%
1	1		2	2	60%
Co-owned 1			2	2	60%
2	0		3	1	60%
Co-owned 2			3	3	60%
* Properties owned include those owned wholly, or owned partially or jointly with others.

Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs)

Conditions for Remission Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland
Nationals of the United States of America

FAQs

FREQUENTLY ASKED QUESTIONS

For purchase by Singapore Citizens (SC)

I am an SC currently owning only one private apartment. I am considering to sell it and buy a terrace house. Do I have to pay ABSD when I buy the terrace house?

I am a SC currently owning a private flat. If I were to downgrade to an HDB resale flat, do I have to pay ABSD on the HDB resale flat?

My wife and I are SC and we jointly own an apartment. We intend to jointly purchase a terrace house that is under construction. Do we need to pay ABSD?

My wife and I are SC and we jointly own one semi-detached house. I also inherited a 10% share of another property from a deceased relative. If I now buy a condominium unit together with my son who is an SC and does not own any property, do we have to pay ABSD on the purchase of the condominium unit?

Ownership of a partial interest in a property will add to the count of property owned by you. Thus you would have owned two residential properties before you purchase the condominium unit. The purchase of the condominium unit with your son will be your third residential property. Hence you and your son would have to pay ABSD at 30% on the purchase price/value of the condominium unit even though this will be your son’s first residential property.

I am a SC currently owning only a 20% share in a house co-owned with my mother. Should my mother transfer her 80% share of the house to me, do I need to pay ABSD? If I were to buy another private flat after that, what would be the ABSD rate?

You would have owned one residential property before your mother transfers her share to you. However, the transfer of the 80% share of the same property to you would not add to the count of properties owned by you and hence you would not be subject to ABSD. BSD is still payable on the acquisition of 80% interest in the property. Your subsequent purchase of the private flat would be your second property which would attract the ABSD rate of 20%.

I am a SC and I co-own a house with my mother. My husband who is also a SC does not own any residential property. If we buy our first matrimonial home jointly, do we need to pay ABSD?

The matrimonial home will be your second property and therefore both of you will have to pay ABSD at 20% even though it will be your spouse’s first property. However, you may be eligible for the ABSD refund if you dispose of your interest in the house that is co-owned with your mother within 6 months from the date of purchase/TOP/CSC (whichever is applicable) of your matrimonial home.

I am a widow and I jointly own a terrace house with my son. We are both SC. We intend to downgrade to a condominium unit. Can we apply for ABSD refund if we dispose of the terrace house within 6 months from the purchase of the condominium unit?

For purchase by SC and others (Singapore Permanent Residents (SPR) and Foreigners (FR))

I am a SC married to a SPR. We jointly own a private apartment. If we buy another house jointly, what is the ABSD payable by us?

The purchase of the house will be your second property for both yourself and your spouse. As your spouse is a SPR, both of you will have to pay ABSD at 30% of the purchase price/ market value of the house. However, you may be eligible for the ABSD refund if you and your spouse dispose of your first property within 6 months from the date of purchase/ TOP/ CSC (whichever is applicable) of your second property.

I am a SC married to a SPR. We jointly own a 3-room HDB flat. If we upgrade to a 5-room flat, do we need to pay ABSD?

I am a SC married to a SPR. We jointly own a 5-room HDB flat. If we upgrade to a private flat, do we need to pay ABSD?

The purchase of the house will be your second property for both yourself and your spouse. As your spouse is a SPR, both of you will have to pay ABSD at 30% of the purchase price/ market value of the house. However, you may be eligible for the ABSD refund for second residential property if you and your spouse dispose of the HDB flat within 6 months of the date of purchase/ TOP/ CSC (whichever is applicable) of your private flat.

I am a SC married to a SPR. Both of us do not own any property in Singapore. If we jointly purchase our first matrimonial home, do we need to pay ABSD?

I am a SC and my wife is a FR. We jointly own one apartment which is our first matrimonial home and no other property. Would we be eligible for the ABSD remission if we upgrade to a terrace house and sell the apartment within 6 months of our purchase of the terrace house?

BSD and ABSD must be paid within 14 days from the date of the signed Contract or Agreement. Where the Contract or Agreement is executed (signed) overseas, BSD and ABSD must be paid within 30 days of the receipt of the Contract or Agreement in Singapore. A document is considered to be duly stamped only when stamp duty is fully paid. Audit checks will be conducted by IRAS to ensure that BSD and ABSD are duly paid. Under the Stamp Duties Act, a penalty of 4 times the amount of unpaid duty can be imposed.

What if I do not have enough funds to pay ABSD? Can ABSD be deferred or paid by instalments?

How do I pay ABSD?

Others

If a seller were to backdate the date of offer of his Option upon the request of the buyer to avoid paying ABSD, is this an offence?

I bought a condominium unit from a developer who has offered me 15% direct cash discount and this discount is also stated in the document to be stamped. Should I pay stamp duty on the purchase price before or after discount?

I did not have to pay ABSD on the purchase of my new flat because I managed to sell my previous property just before the purchase of my new flat. However, my buyer has now aborted the purchase of my previous property. Do I need to pay ABSD on my new flat now?

You are to disclose to IRAS the failed sale of your previous property and the circumstances of the aborted sale. Whether ABSD would be clawed back from you and what further action would be taken by IRAS would depend on the circumstances of the case. For information, the Commissioner of Stamp Duties may invoke the anti-avoidance provision under Section 33A of the Stamp Duties Act if there is reason to suspect that the sale of your previous property was fictitious and was schemed to avoid or reduce payment of ABSD.

Source From IRAS

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For purchase by Singapore Citizens (SC)

For purchase by SC and others (Singapore Permanent Residents (SPR) and Foreigners (FR))

For purchase by non-SC

Property Type

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Others

Source From IRAS

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