The Singapore government has reduced the rates of Seller Stamp Duty on residential properties and introduced an Additional Conveyance Duty for property-holding entities.
Reduction of Seller Stamp Duty
Effective 11 March 2017, the rates of Seller Stamp Duty on the sale of residential properties are as follows:
- 12% if held for up to one year (previously 16%)
- 8% if held up to two years (previously 12%)
- 4% if held for up to three years (previously 8%)
- No Seller Stamp Duty if held over three …