An Essential Guide to Buyer’s Stamp Duties in Singapore
Singaporeans are no stranger to taxes, more so taxes on owning properties in this land-scarce nation. In a previous article, we covered property tax, the recurring annual tax on the ownership of a property. Today, we will explore Buyer Stamp Duty (BSD) and Additional Buyer Stamp Duty (ABSD) for residential properties in Singapore so that you will be equipped with the knowledge of calculating the true cost of purchasing your next dream home. What is a stamp duty? A stamp