Current Currently, transactions in residential and non-residential properties are subject to marginal BSD rates of 1% to 4% and 1% to 3% respectively:
| Marginal BSD Rate | Marginal BSD Rate | |
|---|---|---|
| Higher of Purchase Price or Market Value of the Property | Residential Property | Non-Residential Property |
| First S$180,000 | 1% | 1% |
| Next S$180,000 | 2% | 2% |
| Next S$640,000 | 3% | 3% |
| Amount exceeding S$1,000,000 | 4% | 3% |
Proposed For residential properties, a new marginal BSD rate of:
For non-residential properties, a new marginal BSD rate of:
The revised rates (as per the table below) will apply to all properties acquired on or after 15 February 2023.
| Marginal BSD Rate | Marginal BSD Rate | |
|---|---|---|
| Higher of Purchase Price or Market Value of the Property | Residential Property | Non-Residential Property |
| First S$180,000 | 1% | 1% |
| Next S$180,000 | 2% | 2% |
| Next S$640,000 | 3% | 3% |
| Next S$500,000 | 4% | 4% (New) |
| Next S$1,500,000 | 5% (New) | 5% (New) |
| Amount exceeding S$3,000,000 | 6% (New) | 5% (New) |
There will be a transitional provision, where the BSD rates on or before 14 February 2023 will apply for cases that meet all the conditions below:
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| This online newsletter and website has been prepared by Crowe Horwath First Trust (”Crowe Singapore”) and should be used as a general guide only. No reader should act solely upon any information found on this website. We recommend that professional advice be sought before taking action on specific issues and making significant business decisions. Crowe Singapore expressly disclaims all and any liability to any person in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance, whether wholly or partially, upon the whole or any part of the contents of this website. While every effort has been made to ensure the accuracy of the information contained herein, Crowe Singapore shall not be responsible whatsoever for any errors or omissions in it. |
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| About Crowe Singapore |
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