The Government announced an Additional Buyer’s Stamp Duty (ABSD) will take effect on 8 Dec 2011. Remission of ABSD will be given for options granted on or before 7 Dec 2011 and exercised within 3 weeks (i.e. on or before 28 Dec 2011) or the option validity period, whichever is the earlier.
* Foreigners 1st home ~ 13% Buyer’s Stamp Duty (ABSD 10%)
* PR buying 2nd home ~ 6% Buyer’s Stamp Duty (ABSD 3%)
* Singaporeans 3rd home ~ 6% Buyer’s Stamp Duty (ABSD 3%)
在新的降温措施下，非个人投资者与外国买家缴付的买方印花税大幅度上调。除了继续支付原有约3％的印花税率，这些买家还须缴付10％的额外买方印花税（简称ABSD）。
购买第2套或更多住宅的永久居民和购买第3套或更多住宅的新加坡公民，则都需要支付额外3％买方印花税。这些住宅也包括政府组屋、服务公寓、包含住宅元素在内的综合发展项目如店屋等。海外房地产则不算在内。http://app.mnd.gov.sg/Newsroom/NewsP...11&RA1&RA2&RA3
* Foreigners 1st home ~ 13% Buyer’s Stamp Duty (ABSD 10%)
* PR buying 2nd home ~ 6% Buyer’s Stamp Duty (ABSD 3%)
* Singaporeans 3rd home ~ 6% Buyer’s Stamp Duty (ABSD 3%)
在新的降温措施下，非个人投资者与外国买家缴付的买方印花税大幅度上调。除了继续支付原有约3％的印花税率，这些买家还须缴付10％的额外买方印花税（简称ABSD）。
购买第2套或更多住宅的永久居民和购买第3套或更多住宅的新加坡公民，则都需要支付额外3％买方印花税。这些住宅也包括政府组屋、服务公寓、包含住宅元素在内的综合发展项目如店屋等。海外房地产则不算在内。http://app.mnd.gov.sg/Newsroom/NewsP...11&RA1&RA2&RA3
ABSD: Case of not all foreigners being equal...
ReplyDeleteCitizens of five countries that have free trade deals with Singapore, including the United States and Switzerland, will be treated as Singaporean for the purposes of the new stamp duty measures.
When they buy a private home, Americans, Swiss and nationals from Liechtenstein, Norway and Iceland will be treated the same as Singapore citizens, the taxman said in a guide on Wednesday.
This will enable them to avoid the new 10% additional buyer's stamp duty that foreigners now have to pay when they buy a private home.
Free trade agreements usually ensure that a country's citizens are accorded certain trade protections when they are in the partner nation.
The Inland Revenue Authority of Singapore (Iras) website says they must provide identification, acceptance to option to purchase/sale, the purchase agreement and the ABSD declaration form.
Under the new rules, permanent residents (PRs) buying a second and subsequent property will pay an additional 3% stamp duty, while Singaporeans buying their third or subsequent homes must pay an extra 3%.
The rule is also that for purchases made by two or more parties with mixed residency status, such as a Singaporean with PR, the higher rate will be imposed.