Seller’s Stamp Duty (SSD) Calculator
Seller’s Stamp Duty (SSD) Calculator
What Seller’s Stamp Duty (SSD)?
Seller Stamp Duty , are taxes that we need to pay , when we sell our property in Singapore. The Amount of taxes that the seller need to pay are determine by the holding period of the Property.
SSD was first Introduce by the government 20 Feb 2010, in the effort to cool down the overheated property market. Property Buyer are required to hold on to their property by a specified amount of time , before selling off the Property. If the property owner sell out his or her property before the stipulated date fixed by SSD regulation, property owner are required to pay SSD to IRAS .
How Seller’s Stamp Duty Amount is being Determined ?
(1) Number of Years holding the Property
(2) When the Seller purchase the Property , and the purchase date fall on which SSD Regulation
SSD Regulation revision Date
Through out the Property Cooling Measure started 20 feb 2020 towards todays , SSD rate have been revised 4 times.
(1) SSD apply to Property Purchased after 11 Mar 2017
(2) SSD apply to Property Purchased between 14 Jan 2011 to 10 Mar2017
(3) SSD Apply to Property Purchase between 30 Aug 2010 to 13 Jan 2011
(4) SSD Apply to Property Purchase between 20 Feb 2010 to 29Aug 2010
For Example: George purchase his Property on 30 Sep 2019 , and he intend to sell his property 30 Dec 2020 . George SSD Rate will be referring to ((1) SSD apply to Property Purchased after 11 Mar 2017)
SSD apply to Property Purchased after 11 Mar 2017
| Holding Period | SSD Rate |
| Up to 1 year | 12% |
| More than 1 year and up to 2 years | 8% |
| More than 2 years and up to 3 years | 4% |
| More than 3 years | No SSD |
SSD apply to Property Purchased between 14 Jan 2011 to 10 Mar2017
| Holding Period | SSD Rate |
| Up to 1 year | 16% |
| More than 1 year and up to 2 years | 12% |
| More than 2 years and up to 3 years | 8% |
| More than 3 years and up to 4 years | 4% |
| More than 4 Years | No SSD |
SSD Apply to Property Purchase between 30 Aug 2010 to 13 Jan 2011
| Holding Period | SSD Rate |
| Up to 1 year | 1% on first $180,000
2% on next $180,000 3% on the remainder |
| More than 1 year and up to 2 years | 0.67% on first $180,000
1.33% on next $180,000 2% on the remainder |
| More than 2 years and up to 3 years | 0.33% on first $180,000
0.67% on next $180,000 1% on the remainder |
| More than 3 years | No SSD payable |
SSD Apply to Property Purchase between 20 Feb 2010 to 29Aug 2010
| Holding Period | SSD Rate |
| Up to 1 year | 1% on first $180,000
2% on next $180,000 3% on the remainder |
| More than 1 Year | No SSD payable |
How To Calculate SSD Rate ?
Example:
George purchase his Property on 30 Sep 2019 , and he intend to sell his property 30 Aug 2020 .
His Property Holding period is less than 1 Year
He is Selling his Property for S$ 1 Million
SSD George may need to Pay as below
S$1,000,000 x 12% = S$ 120,000
Or you can use the Seller’s Stamp Duty (SSD) Calculator to do your calculation.
SSD Exemptions
Information From IRAS, Prooperty sellers will be exempted from paying SSD under the following situations:
- Licensed housing developers governed under the Housing Developers (Control and Licensing) Act need not pay SSD when selling residential properties developed by them.
- Public authorities (e.g. HDB and JTC) in exercising their functions and duties need not pay SSD when selling residential properties.
- Residential property owners need not pay SSD when their properties are acquired by the Government under the Land Acquisitions Act.
- Individuals who own residential properties need not pay SSD if they have been adjudged a bankrupt and are required to dispose of their residential properties as a result of bankruptcy.
- Companies that own residential properties need not pay SSD when disposing of their residential properties upon involuntary winding up.
- Foreigners need not pay SSD when they have to sell their residential properties as required under the Residential Properties Act.
- For HDB flat sellers or transferors who bought or acquired their flats on or after 30 Aug 2010 and their flats have been identified for Selective Enbloc Redevelopment Scheme (SERS), but sell their flats in the open market before HDB claims them.
- HDB flat sellers or transferors who return their flats to HDB as a result of re-possession by HDB or under the SERS.
- A person who owns an HDB flat, inherits an HDB flat, and is required under the HDB’s regulations to dispose of either the inherited HDB flat or the existing HDB flat. This exemption applies to disposal of flats on or after 18 Dec 2015.
- A person who owns a non-HDB flat, inherits an HDB flat, and is required under the HDB’s regulations to dispose of the inherited HDB flat. This exemption applies to disposal of flats on or after 18 Dec 2015.
- A person who owns an HDB flat marries a person who owns another HDB flat and the couple is required under HDB’s regulations to dispose of either one of the HDB flats. This exemption applies to disposal of flats on or after 18 Dec 2015.
How To Pay SSD
- SSD Payment can be done via E-stamping Portal
- Other Method to Pay SSD or ABSD Here
