Additional Buyer's Stamp Duty (ABSD) Rates
|Additional Buyer's Stamp Duty||1st Property Purchase||2nd Property Purchase||3rd Property Purchase|
Buyer Stamp Duty:
Purchase Price $360,000 to $ 1 million: 3% X Purchase Price – $5,400
Purchase Price Above $ 1 million: 4% X Purchase Price – $15,400
Foreigners Eligible for ABSD Remission Under Free Trade Agreements (FTAS)
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 and
Nationals of the United States of America.
ABSD Remission for Foreigners Married to Singaporeans
Now, although we’ve indicated earlier that ABSD is always levied on foreigners and Permanent Residents, there’s one instance where these individuals won’t need to pay it.
If you’re a foreigner or Permanent Resident who’s married to a Singaporean, and you don’t own any residential property, you don’t need to pay ABSD.
You can also get an ABSD refund if you’re moving house as a married couple. To qualify for the refund, the property that you paid ABSD for needs to be sold within 6 months of you buying the second. You can view the full terms and conditions on IRAS’s website.
More FAQs on ABSD in Singapore
How can I avoid ABSD for a second home?
Tax evasion is illegal. Common legal ways around ABSD are decoupling, buying the property in your child’s name (under trust) and choosing dual-key condos. Read more here to learn how to legally avoid ABSD when buying a property.
Can ABSD be paid by CPF?
Yes, you can use CPF savings to pay the stamp duty and survey fees, including ABSD. However, for a resale property, since ABSD is payable within 14 days, you will need to pay cash first and seek reimbursement from your CPF account subsequently.