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Singapore Reduces Seller Stamp Duty Rates and Introduces Additional Conveyance Duties for Property-Holding Entities

21 March 2017

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Approved Changes

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Singapore

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 years (previously 4% if held up to four years) Introduction of Additional Conveyance Duty Also effective...