Selling your home in Singapore? Be sure to factor in Seller Stamp Duty (SSD) when calculating your profits. SSD is a tax that is payable by sellers of residential properties in Singapore. The amount of SSD payable depends on the purchase price of the property and the holding period.
Here are the SSD rates for residential properties in Singapore:
Holding period of 3 years or less: 5% of the purchase price
Holding period of 3 to 4 years: 4% of the purchase price
Holding period of 4 to 5 years: 3% of the purchase price
Holding period of 5 years or more: 0% of the purchase price
There are some exemptions from SSD, such as for first-time homebuyers and for properties that are sold due to death or disability.
For more information on SSD, please visit the www.sellhome.sg