In force2021 Revised Edition

Contents

Stamp Duties Act 1929 · 2021 Revised Edition · Schedules

Schedule 1 · Instruments chargeable with stamp duty

FIRST SCHEDULESections 4(1), 15, 15A(1), 22A(1), 23, 23B, 23C, 60M(8) and 78Instruments chargeable with stamp dutyIn this Schedule, the amount of proper stamp duty is to be rounded down to the nearest dollar where applicable, subject to a minimum stamp duty of $1 per instrument.Article 1Bond, covenant or instrument for securing paymentDescription of instrument Proper stamp dutyBond, covenant or instrument for securing the payment for the hire of furniture, chattels, fittings or equipment in connection with the lease of immovable property and for the provision of services or facilities or to other matters or things in connection with such lease The same duty as a lease (Article 8)Article 2contract note[Deleted by S 288/2000]Article 3Conveyance, assignment or transferDescription of instrument Proper stamp duty(a)Conveyance, assignment or transfer on sale of any immovable property or any interest of the immovable property —

(i)

if executed before 22 February 2014 — Amount of consideration (A)for every $100 or any part thereof of the first $180,000 $1(B)for every $100 or any part thereof of the next $180,000 $2(C)thereafter for every $100 or any part thereof $3(ii)if executed on or after 22 February 2014 but before 20 February 2018 — Amount of consideration (A)for every dollar of the first $180,000 1%(B)for every dollar of the next $180,000 2%(C)for every dollar exceeding $360,000 3%(iii)if executed on or after 20 February 2018 but before 15 February 2023 —

(A)

for the amount of the consideration of the part of the property attributable to a residential purpose (if any) —

(AA)

for every dollar of the first $180,000 1%(AB)for every dollar of the next $180,000 2%(AC)for every dollar of the next $640,000 3%(AD)for every dollar exceeding $1,000,000 4%(B)for any remainder of the consideration —

(BA)

for every dollar of the first $180,000 1%(BB)for every dollar of the next $180,000 2%(BC)for every dollar exceeding $360,000 3%(iv)if executed on or after 15 February 2023 —

(A)

for the amount of the consideration of the part of the property that is attributable to a residential purpose (if any) —

(AA)

for every dollar of the first $180,000 1%(AB)for every dollar of the next $180,000 2%(AC)for every dollar of the next $640,000 3%(AD)for every dollar of the next $500,000 4%(AE)for every dollar of the next $1,500,000 5%(AF)for every dollar exceeding $3,000,000 6%(B)for any remainder of the consideration —

(BA)

for every dollar of the first $180,000 1%(BB)for every dollar of the next $180,000 2%(BC)for every dollar of the next $640,000 3%(BD)for every dollar of the next $500,000 4%(BE)for every dollar exceeding $1,500,000 5% (b)Conveyance, assignment or transfer on sale of residential property acquired on or after 20 February 2010 but before 30 August 2010 In addition to duty under paragraph (a), where the property is disposed of within one year from the date of its acquisition:Amount of consideration or value (whichever is applicable) of the residential property (i)for every $100 or any part thereof of the first $180,000 $1(ii)for every $100 or any part thereof of the next $180,000 $2(iii)thereafter for every $100 or any part thereof $3 (ba)Conveyance, assignment or transfer on sale of residential property acquired on or after 30 August 2010 but before 14 January 2011 In addition to duty under paragraph (a) and either paragraph (bc) or (bf) (as applicable), where the property is disposed of in the following period from the date of its acquisition:Amount of consideration or value (whichever is applicable) of the residential property Within one yearExceeding one year but not exceeding 2 yearsExceeding 2 years but not exceeding 3 years(i)for every $100 or any part thereof of the first $180,000 $1$0.67$0.33(ii)for every $100 or any part thereof of the next $180,000 $2$1.33$0.67(iii)thereafter for every $100 or any part thereof $3$2$1 (bb)Conveyance, assignment or transfer on sale of residential property acquired on or after 14 January 2011 but before 12 January 2013, if the property is disposed of in the following period from the date of its acquisition: In addition to duty under paragraph (a) and either paragraph (bc) or (bf) (as applicable):

(i)

within one year 16% of amount of consideration or value (whichever is applicable) of the residential property(ii)exceeding one year but not exceeding 2 years 12% of amount of such consideration or value(iii)exceeding 2 years but not exceeding 3 years 8% of amount of such consideration or value(iv)exceeding 3 years but not exceeding 4 years 4% of amount of such consideration or value (bc)Conveyance, assignment or transfer on sale of residential property (whether or not any other type of property is also conveyed, assigned or transferred under the same instrument), executed on or after 8 December 2011 but before 12 January 2013 — In addition to duty under paragraph (a) and either paragraph (ba) or (bb) (as applicable):

(i)

if —

(A)

(B)

one or more residential properties is or are conveyed, assigned or transferred under the instrument 3% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(ii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning one property and none of the other joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, a Singapore permanent resident owning property, a foreigner or an entity; and

(B)

(A)

the grantee, transferee or lessee is a Singapore citizen not owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen not owning property and none of the other joint grantees, transferees or lessees is a Singapore citizen owning one property or owning 2 or more properties, a Singapore permanent resident not owning property or owning property, a foreigner or an entity; and

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument 3% of the total amount of consideration of the residential properties conveyed, assigned or transferred, after deducting the total amount of consideration for any 2 of those residential properties, as elected by the person paying the duty(iv)if the grantee, transferee or lessee is a Singapore permanent resident owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore permanent resident owning property and none of the other joint grantees, transferees or lessees is a foreigner or an entity 3% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(v)if —

(A)

(B)

2 or more residential properties are conveyed, assigned or transferred under the instrument 3% of the total amount of consideration of the residential properties conveyed, assigned or transferred, after deducting the amount of consideration for any one of those residential properties, as elected by the person paying the duty(vi)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a foreigner or an entity 10% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred (bd)Conveyance, assignment or transfer on sale of industrial property acquired on or after 12 January 2013, if the property is disposed of in the following period from the date of its acquisition: In addition to duty under paragraphs (a) and (bf):

(i)

within one year 15% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument(ii)exceeding one year but not exceeding 2 years 10% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument(iii)exceeding 2 years but not exceeding 3 years 5% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument (be)Conveyance, assignment or transfer on sale of “residential and mixed residential” property acquired on or after 12 January 2013 but before 11 March 2017, if the property is disposed of in the following period from the date of its acquisition: In addition to duty under paragraphs (a) and (bf):

(i)

within one year The aggregate of the following (as applicable):

(A)

15% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

16% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to a residential purpose at the time of the execution of the instrument(ii)exceeding one year but not exceeding 2 years The aggregate of the following (as applicable):

(A)

10% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

12% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to a residential purpose at the time of the execution of the instrument(iii)exceeding 2 years but not exceeding 3 years The aggregate of the following (as applicable):

(A)

5% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

8% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to a residential purpose at the time of the execution of the instrument(iv)exceeding 3 years but not exceeding 4 years 4% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to a residential purpose at the time of the execution of the instrument (as applicable) (bf)Conveyance, assignment or transfer on sale of residential property (whether or not any other type of property is also conveyed, assigned or transferred under the same instrument), executed on or after 12 January 2013 but before 16 December 2021 — In addition to duty under paragraph (a), and either paragraph (ba), (bb), (be) or (bg) (as applicable):

(i)

if —

(A)

(B)

one residential property is conveyed, assigned or transferred under the instrument (a)7% of the amount of consideration of the residential property conveyed, assigned or transferred, if the instrument is executed before 6 July 2018; or

(b)

12% of the amount of consideration of the residential property conveyed, assigned or transferred, if the instrument is executed on or after 6 July 2018(ii)if —

(A)

(B)

one residential property is conveyed, assigned or transferred under the instrument 5% of the amount of consideration of the residential property conveyed, assigned or transferred(iii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning 2 or more properties or a Singapore permanent resident owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties or a Singapore permanent resident owning property, and none of the other joint grantees, transferees or lessees is a foreigner or an entity; and

(B)

one or more residential properties is or are conveyed, assigned or transferred under the instrument (a)10% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed before 6 July 2018; or

(b)

15% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed on or after 6 July 2018(iv)if —

(A)

(B)

2 residential properties are conveyed, assigned or transferred under the instrument (a)7% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty, if the instrument is executed before 6 July 2018; or

(b)

12% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty, if the instrument is executed on or after 6 July 2018(v)if —

(A)

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument (a)if the instrument is executed before 6 July 2018, the aggregate of the following:

(i)

7% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(ii)

10% of the total amount of consideration of the other residential properties conveyed, assigned or transferred, after deducting the amount of consideration of any one of those other residential properties, as elected by that person; or

(b)

if the instrument is executed on or after 6 July 2018, the aggregate of the following:

(i)

12% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(ii)

15% of the total amount of consideration of the other residential properties conveyed, assigned or transferred, after deducting the amount of consideration of any one of those other residential properties, as elected by that person(vi)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning one property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, a Singapore permanent resident owning property, a foreigner or an entity; and

(B)

2 or more residential properties are conveyed, assigned or transferred under the instrument (a)if the instrument is executed before 6 July 2018, the aggregate of the following:

(i)

7% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(ii)

10% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred; or

(b)

if the instrument is executed on or after 6 July 2018, the aggregate of the following:

(i)

12% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(ii)

15% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(vii)if —

(A)

(B)

2 or more residential properties are conveyed, assigned or transferred under the instrument (a)if the instrument is executed before 6 July 2018, the aggregate of the following:

(i)

5% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(ii)

10% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred; or

(b)

if the instrument is executed on or after 6 July 2018, the aggregate of the following:

(i)

5% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(ii)

15% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(viii)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a foreigner, and none of the other joint grantees, transferees or lessees is an entity (a)15% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed before 6 July 2018; or

(b)

20% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed on or after 6 July 2018(ix)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is an entity (other than a housing developer), and none of the other joint grantees, transferees or lessees is a housing developer (a)15% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed before 6 July 2018; or

(b)

25% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed on or after 6 July 2018(x)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a housing developer (a)15% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed before 6 July 2018; or

(b)

30% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred, if the instrument is executed on or after 6 July 2018 (bg)Conveyance, assignment or transfer on sale of “residential and mixed residential” property acquired on or after 11 March 2017 but before 4 July 2025, if the property is disposed of in the following period from the date of its acquisition: In addition to duty under paragraph (a), and either paragraph (bf), (bh) or (bi) (as applicable):

(i)

within one year The aggregate of the following (as applicable):

(A)

15% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

12% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to a residential purpose at the time of the execution of the instrument(ii)exceeding one year but not exceeding 2 years The aggregate of the following (as applicable):

(A)

10% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

(A)

5% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

4% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to a residential purpose at the time of the execution of the instrument (bh)Conveyance, assignment or transfer on sale of residential property (whether or not any other type of property is also conveyed, assigned or transferred under the same instrument), executed on or after 16 December 2021 but before 27 April 2023 — In addition to duty under paragraphs (a) and (bg):

(i)

if —

(A)

the grantee, transferee or lessee is a Singapore permanent resident not owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore permanent resident not owning property and none of the other joint grantees, transferees or lessees is a Singapore citizen owning one property or owning 2 or more properties, a Singapore permanent resident owning property, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and 5% of the amount of consideration of the residential property conveyed, assigned or transferred(B)one residential property is conveyed, assigned or transferred under the instrument (ii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen not owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen not owning property and none of the other joint grantees, transferees or lessees is a Singapore citizen owning one property or owning 2 or more properties, a Singapore permanent resident, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

2 residential properties are conveyed, assigned or transferred under the instrument 17% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty(iii)if —

(A)

(B)

one residential property is conveyed, assigned or transferred under the instrument 17% of the amount of consideration of the residential property conveyed, assigned or transferred(iv)if —

(A)

(B)

2 residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

5% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty; (b)25% of the amount of consideration of the other residential property conveyed, assigned or transferred(v)if —

(A)

the grantee, transferee or lessee is a Singapore permanent resident owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore permanent resident owning one property and none of the other joint grantees, transferees or lessees is a Singapore permanent resident owning 2 or more properties, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

one residential property is conveyed, assigned or transferred under the instrument 25% of the amount of consideration of the residential property conveyed, assigned or transferred(vi)if —

(A)

the grantee, transferee or lessee is a Singapore citizen not owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen not owning property and none of the other joint grantees, transferees or lessees is a Singapore citizen owning one property or owning 2 or more properties, a Singapore permanent resident, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

17% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty; (b)25% of the total amount of consideration of the other residential properties conveyed, assigned or transferred, after deducting the amount of consideration of any one of those other residential properties, as elected by that person(vii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning one property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, a Singapore permanent resident owning property, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

2 residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

17% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty; (b)25% of the amount of consideration of the other residential property conveyed, assigned or transferred(viii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning one property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, a Singapore permanent resident, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

17% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty; (b)25% of the total amount of consideration of the other residential properties conveyed, assigned or transferred(ix)if there are 2 or more joint grantees, transferees or lessees and —

(A)

any of them is a Singapore citizen owning one property;

(B)

any of the others is a Singapore permanent resident not owning property;

(C)

none of the others is a Singapore citizen owning 2 or more properties, a Singapore permanent resident owning property, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(D)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

17% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

25% of the amount of consideration of another of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty; (c)30% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(x)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning 2 or more properties, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, and none of the other joint grantees, transferees or lessees is a Singapore permanent resident owning 2 or more properties, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

one residential property is conveyed, assigned or transferred under the instrument 25% of the amount of consideration of the residential property conveyed, assigned or transferred(xi)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning 2 or more properties, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, and none of the other joint grantees, transferees or lessees is a Singapore permanent resident owning property, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

2 residential properties are conveyed, assigned or transferred under the instrument 25% of the total amount of consideration of the residential properties conveyed, assigned or transferred(xii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning 2 or more properties, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties and none of the other joint grantees, transferees or lessees is a Singapore permanent resident, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument 25% of the total amount of consideration of the residential properties conveyed, assigned or transferred(xiii)if there are 2 or more joint grantees, transferees or lessees and —

(A)

any of them is a Singapore citizen owning 2 or more properties;

(B)

any of the others is a Singapore permanent resident not owning property;

(C)

none of the others is a Singapore permanent resident owning property, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(D)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

25% of the amount of consideration of any 2 of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty; (b)30% of the amount or total amount of consideration of the other residential property or properties conveyed, assigned or transferred(xiv)if —

(A)

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

5% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

(A)

the grantee, transferee or lessee is a Singapore permanent resident owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore permanent resident owning one property, and none of the other joint grantees, transferees or lessees is a Singapore permanent resident owning 2 or more properties, a foreigner, a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

2 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

25% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty; (b)30% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(xvi)if —

(A)

the grantee, transferee or lessee is a Singapore permanent resident owning 2 or more properties, or any of 2 or more joint grantees, transferees or lessees is a Singapore permanent resident owning 2 or more properties, and none of the other joint grantees, transferees or lessees is a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity; and

(B)

one or more residential properties is or are conveyed, assigned or transferred under the instrument 30% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(xvii)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a foreigner, and none of the other joint grantees, transferees or lessees is a trustee (but only if the instrument is executed on or after 9 May 2022), or an entity 30% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(xviii)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is —

(A)

an entity (other than a housing developer); or (B)a trustee (other than a trustee for a housing developer) (but only if the instrument is executed on or after 9 May 2022), and none of the other joint grantees, transferees or lessees is —

(C)

a housing developer; or

(D)

a trustee for a housing developer (but only if the instrument is executed on or after 9 May 2022) 35% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(xix)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a housing developer, or a trustee for a housing developer (but only if the instrument is executed on or after 9 May 2022) 40% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred (bi)Conveyance, assignment or transfer on sale of residential property (whether or not any other type of property is also conveyed, assigned or transferred under the same instrument), executed on or after 27 April 2023 — In addition to duty under paragraph (a) and either paragraph (bg) or (bj) (as applicable):

(i)

if —

(A)

(B)

one residential property is conveyed, assigned or transferred under the instrument 5% of the amount of consideration of the residential property conveyed, assigned or transferred(ii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen not owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen not owning property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning one property or owning 2 or more properties, a Singapore permanent resident, a foreigner, a trustee, or an entity; and

(B)

2 residential properties are conveyed, assigned or transferred under the instrument 20% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty(iii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning one property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, a Singapore permanent resident owning property, a foreigner, a trustee, or an entity; and

(B)

one residential property is conveyed, assigned or transferred under the instrument 20% of the amount of consideration of the residential property conveyed, assigned or transferred(iv)if —

(A)

(B)

2 residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

5% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

30% of the amount of consideration of the other residential property conveyed, assigned or transferred(v)if —

(A)

the grantee, transferee or lessee is a Singapore permanent resident owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore permanent resident owning one property, and none of the other joint grantees, transferees or lessees is a Singapore permanent resident owning 2 or more properties, a foreigner, a trustee, or an entity; and

(B)

one residential property is conveyed, assigned or transferred under the instrument 30% of the amount of consideration of the residential property conveyed, assigned or transferred(vi)if —

(A)

the grantee, transferee or lessee is a Singapore citizen not owning property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen not owning property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning one property or owning 2 or more properties, a Singapore permanent resident, a foreigner, a trustee, or an entity; and

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

20% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

30% of the total amount of consideration of the other residential properties conveyed, assigned or transferred, after deducting the amount of consideration of any one of those other residential properties, as elected by that person(vii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning one property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, a Singapore permanent resident owning property, a foreigner, a trustee, or an entity; and

(B)

2 residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

20% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

30% of the amount of consideration of the other residential property conveyed, assigned or transferred(viii)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning one property, and none of the other joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, a Singapore permanent resident, a foreigner, a trustee, or an entity; and

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

20% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

30% of the total amount of consideration of the other residential properties conveyed, assigned or transferred(ix)if there are 2 or more joint grantees, transferees or lessees and —

(A)

any of them is a Singapore citizen owning one property;

(B)

any of the others is a Singapore permanent resident not owning property;

(C)

none of the others is a Singapore citizen owning 2 or more properties, a Singapore permanent resident owning property, a foreigner, a trustee, or an entity; and

(D)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

20% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

30% of the amount of consideration of another of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(c)

35% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(x)if —

(A)

(B)

one residential property is conveyed, assigned or transferred under the instrument 30% of the amount of consideration of the residential property conveyed, assigned or transferred(xi)if —

(A)

the grantee, transferee or lessee is a Singapore citizen owning 2 or more properties, or any of 2 or more joint grantees, transferees or lessees is a Singapore citizen owning 2 or more properties, and none of the other joint grantees, transferees or lessees is a Singapore permanent resident owning property, a foreigner, a trustee, or an entity; and

(B)

2 residential properties are conveyed, assigned or transferred under the instrument 30% of the total amount of consideration of the residential properties conveyed, assigned or transferred(xii)if —

(A)

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument 30% of the total amount of consideration of the residential properties conveyed, assigned or transferred(xiii)if there are 2 or more joint grantees, transferees or lessees and —

(A)

any of them is a Singapore citizen owning 2 or more properties;

(B)

any of the others is a Singapore permanent resident not owning property;

(C)

none of the others is a Singapore permanent resident owning property, a foreigner, a trustee, or an entity; and

(D)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

30% of the amount of consideration of any 2 of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

35% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(xiv)if —

(A)

(B)

3 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

5% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

30% of the amount of consideration of another of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(c)

35% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(xv)if —

(A)

the grantee, transferee or lessee is a Singapore permanent resident owning one property, or any of 2 or more joint grantees, transferees or lessees is a Singapore permanent resident owning one property, and none of the other joint grantees, transferees or lessees is a Singapore permanent resident owning 2 or more properties, a foreigner, a trustee, or an entity; and

(B)

2 or more residential properties are conveyed, assigned or transferred under the instrument The aggregate of the following:

(a)

30% of the amount of consideration of any one of the residential properties conveyed, assigned or transferred, as elected by the person paying the duty;

(b)

35% of the amount or the total amount of consideration of the other residential property or properties conveyed, assigned or transferred(xvi)if —

(A)

(B)

one or more residential properties is or are conveyed, assigned or transferred under the instrument 35% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(xvii)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a housing developer, or a trustee for a housing developer, and none of the other joint grantees, transferees or lessees is a foreigner, a trustee (other than a trustee for a housing developer) or an entity (other than a housing developer) 40% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(xviii)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a foreigner, and none of the other joint grantees, transferees or lessees is a trustee (other than a trustee for a housing developer), or an entity (other than a housing developer) 60% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred(xix)if the grantee, transferee or lessee, or any of 2 or more joint grantees, transferees or lessees is a trustee (other than a trustee for a housing developer) or an entity (other than a housing developer) 65% of the amount or the total amount of consideration of the residential property or properties conveyed, assigned or transferred (bj)Conveyance, assignment or transfer on sale of “residential and mixed residential” property acquired on or after 4 July 2025, if the property is disposed of in the following period from the date of its acquisition: In addition to duty under paragraphs (a) and (bi), where the property is disposed of in the following period from the date of its acquisition:

(i)

within one year The aggregate of the following (as applicable):

(A)

15% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

(A)

10% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

(A)

5% of the amount of consideration or value (whichever is applicable) of the part of the property attributable to an industrial purpose at the time of the execution of the instrument;

(B)

(i)

if executed before 22 February 2014 $0.20 for every $100 or any part thereof, of the amount of the consideration(ii)if executed on or after 22 February 2014 0.2% of the amount of the consideration (d)Conveyance, assignment or transfer of any property or any interest of the property by way of security See MORTGAGE, AGREEMENT FOR A MORTGAGE AND DEBENTURE (ARTICLE 9) (e)Conveyance, assignment or transfer of any property or any interest of the property by way of settlement See SETTLEMENT (ARTICLE 11) (f)[Deleted by Act 23 of 2011]

(g)

Conveyance, assignment or transfer of any property as above where the transaction is between trustees and where the beneficial interest in the property passes The same duty as in paragraph (a) or (c), as the case may be (h)Conveyance, assignment or transfer of any property or any interest of any property which is distributed in specie to a shareholder of a company in connection with a liquidation of the company Exemption: In a case where the conveyance, assignment or transfer is effected by more than one instrument and one instrument has been duly stamped, each other instrument. (a)in the case of any immovable property or any interest thereof — the same duties as in paragraph (a) and paragraph (bi) (if applicable); or

(b)

in the case of any stock or shares or any interest thereof — the same duty as in paragraph (c) (i)Conveyance, assignment or transfer of any property or any interest of property which is distributed in specie to a shareholder of a VCC in connection with a liquidation of the VCC or any of its sub-funds Exemption: In a case where the conveyance, assignment or transfer is effected by more than one instrument and one instrument has been duly stamped, each other instrument. (a)in the case of any immovable property or any interest thereof — the same duties as in paragraph (a) and paragraph (bi) (if applicable); or

(b)

in the case of any stock or shares or any interest thereof — the same duty as in paragraph (c)[S 480/2025 wef 04/07/2025][S 669/2023 wef 13/10/2023][S 243/2023 wef 27/04/2023][S 68/2023 wef 15/02/2023][S 366/2022 wef 09/05/2022]Notes:(1) In this Article —“entity” means a person who is not an individual, and includes —

(a)

an unincorporated association;

(b)

where the property conveyed, assigned or transferred is to be held as property of a VCC or sub-fund of a VCC, a collective investment scheme (not being a VCC or sub-fund) or a business trust — the VCC, the trustee for the collective investment scheme (when acting in that capacity) or the trustee-manager for the business trust (when acting in that capacity); and

(c)

where the property conveyed, assigned or transferred is to be held as partnership property — the partners of the partnership whether or not any of them is an individual,but excludes a trustee;[S 366/2022 wef 09/05/2022]“foreigner” means an individual who is not a citizen of Singapore and not a permanent resident of Singapore;“housing accommodation” includes a building or tenement wholly or principally constructed, adapted or intended for human habitation, or for human habitation and as business premises, but excludes a serviced apartment and a workers’ dormitory;“housing developer” means an entity —

(a)

that is a licensed housing developer within the meaning of the Housing Developers (Control and Licensing) Act 1965;

(b)

that is an applicant for a licence within the meaning of that Act and whose application is not refused, or that intends to apply for such licence; or

(c)

that engages or intends to engage in a business of housing development,but only if the residential property or properties is or are conveyed, assigned or transferred to the entity for the purpose of housing development by the entity;“housing development” means the construction of any number of units of housing accommodation, including any building operations in, on, over or under the land for the purpose of erecting such housing accommodation, and the sale of land which would be appurtenant to one or more such units of housing accommodation;“industrial property” means any specified immovable property (or part thereof) mentioned in paragraph 8(1)(a) of the Stamp Duties (Section 22A) Order 2010, but excludes any “residential or mixed residential” property;“property” means any immovable property and any stock or shares;“residential property” means —

(a)

in the case of paragraph (bc) of this Article, immovable property (or part thereof) which, under the Master Plan, may be used for solely residential purposes or for mixed purposes, one of which is residential; or

(b)

in the case of paragraph (bf), (bh) or (bi) of this Article, any immovable property that is either —

(i)

zoned or situated on land that is zoned in any of the following manner under the Master Plan:

(A)

“Residential”;

(B)

“Commercial and Residential”;

(C)

“Residential/Institution”;

(D)

“Residential with Commercial at 1st Storey”;

(E)

“White”; or

(ii)

permitted under the Planning Act 1998 to be used for solely residential purposes or for mixed purposes, one of which is residential;[S 243/2023 wef 27/04/2023]“residential or mixed residential” property means any specified immovable property (or part thereof) mentioned in paragraph 8(1)(b) of the Stamp Duties (Section 22A) Order 2010;“Singapore citizen not owning property” means a citizen of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, does not beneficially own (whether alone or jointly or in common with another) an estate or interest in any residential property situated within Singapore;“Singapore citizen owning one property” means a citizen of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, beneficially owns (whether alone or jointly or in common with another) an estate or interest in a single residential property situated within Singapore;“Singapore citizen owning 2 or more properties” means a citizen of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, beneficially owns (whether alone or jointly or in common with another) an estate or interest in 2 or more residential properties situated within Singapore;“Singapore citizen owning 2 properties” means a citizen of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, beneficially owns (whether alone or jointly or in common with another) an estate or interest in 2 residential properties situated within Singapore;“Singapore permanent resident not owning property” means a permanent resident of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, does not beneficially own (whether alone or jointly or in common with another) an estate or interest in any residential property situated within Singapore;“Singapore permanent resident owning one property” means a permanent resident of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, beneficially owns (whether alone or jointly or in common with another) an estate or interest in a single residential property situated within Singapore;“Singapore permanent resident owning 2 or more properties” means a permanent resident of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, beneficially owns (whether alone or jointly or in common with another) an estate or interest in 2 or more residential properties situated within Singapore;“Singapore permanent resident owning property” means a permanent resident of Singapore who, if not for the transaction which is the subject of the instrument to be stamped, beneficially owns (whether alone or jointly or in common with another) an estate or interest in one or more residential properties situated within Singapore;[S 366/2022 wef 09/05/2022]“trustee” means a trustee for any trust when acting in that capacity, but excludes a trustee for a collective investment scheme when acting in that capacity, and a trustee-manager for a business trust when acting in that capacity;[S 366/2022 wef 09/05/2022]“trustee for a housing developer” —

(a)

for an instrument executed before 27 April 2023 — means a trustee who holds any residential property on trust for a housing developer whether or not for any other person, when acting in that capacity; and

(b)

for an instrument executed on or after 27 April 2023 — means a trustee who holds the residential property or properties that is or are conveyed, assigned or transferred on trust solely for a housing developer for the purpose of housing development by the housing developer.[S 243/2023 wef 27/04/2023]

(1A)

In this Article, an identifiable individual beneficiary for whom an estate or interest in residential property is held on trust, is an individual —

(a)

who is identified in the declaration of trust as a beneficiary of the estate or interest whether solely or together with another; and

(b)

who, because of the trust, has beneficial ownership of the estate or interest (whether solely or together with another) that is not, under the terms of the trust, revocable, variable, or subject to any condition subsequent, but excludes an individual who is entitled to any estate or interest in property in remainder or reversion.[S 366/2022 wef 09/05/2022]

(1B)

To avoid doubt, each of the following is not an identifiable individual beneficiary:

(a)

an individual who has not been born on the date of the declaration of trust;

(b)

an individual who is entitled only to the income of the property under the trust;

(c)

an individual whose estate or interest in the property under the trust is a contingent or discretionary interest, or who becomes entitled to an estate or interest in the property only upon revocation of the trust.[S 366/2022 wef 09/05/2022]

(2)

In this Article —

(a)

a reference to a Singapore citizen not owning property, a Singapore citizen owning one property, a Singapore citizen owning 2 properties, a Singapore citizen owning 2 or more properties, a Singapore permanent resident not owning property, a Singapore permanent resident owning one property, a Singapore permanent resident owning 2 or more properties, a Singapore permanent resident owning property, or a foreigner, is a reference to a person who comes within the definition or description of that term at the time of execution of the instrument in question;

(aa)

for the purposes of an instrument executed on or after 9 May 2022, in a case where any estate or interest in any residential property is held on trust for an identifiable individual beneficiary (X), X is, for the purposes of the definitions of the terms in sub-paragraph (a), treated as one who beneficially owns the estate or interest;[S 366/2022 wef 09/05/2022]

(ab)

to avoid doubt, for the purposes of the definitions of the terms in sub-paragraph (a), a settlor of a trust in section 22C does not beneficially own the residential property or interest in residential property being disclaimed or renounced by reason only of the section 22C notice being treated as a conveyance or transfer of the residential property or interest under that section (but without affecting the settlor being so treated because of the resulting trust);[Act 22 of 2022 wef 10/05/2022]

(b)

a reference in paragraph (bc) of this Article to the amount of consideration of any residential property is, in a case where the property is used for mixed purposes one of which is residential, a reference to the amount of consideration that is attributable to that part of the property that is used for residential purposes;

(bb)

a reference in paragraphs (bf), (bh) and (bi) of this Article to the amount of consideration of any residential property is a reference to the amount of consideration relating to the part of the property that is attributable to a residential purpose;[S 243/2023 wef 27/04/2023]

(bc)

a reference in this Article to the amount of consideration includes a reference to the value of the consideration;

(c)

subject to paragraph (d), a reference to joint grantees, transferees or lessees is a reference to persons to whom the residential property in question is conveyed, assigned or transferred as joint tenants or as tenants in common;

(d)

in the case of an instrument executed before 9 May 2022, and except where the residential property is to be held as property of a business trust or a collective investment scheme or as partnership property, a reference to a grantee, transferee or lessee, in a case where the grantee, transferee or lessee is to hold the residential property on trust, is a reference to the beneficial owner; and where there is more than one beneficial owner (whether or not including the grantee, transferee or lessee), all the beneficial owners are treated as joint grantees, transferees or lessees; and[S 366/2022 wef 09/05/2022]

(e)

a reference to a grantee, transferee or lessee, in a case where the property is to be held as partnership property, is a reference to the partners of the partnership.

(2A)

For the purposes of paragraphs (a)(iii) and (iv), (bd), (be), (bg) and (bj) of this Article and paragraph (2)(bb), where the property is —

(a)

vacant land; or

(b)

immovable property comprising the land as well as all units or buildings within a development on the land,then the gross floor area of the property specified in the second column of the following table, that corresponds to the applicable zoning of the land under the Master Plan in the first column, is deemed to be attributable to an industrial purpose; and the gross floor area of the property specified in the third column, that corresponds to the applicable zoning of the land under the Master Plan in the first column, is deemed to be attributable to a residential purpose:First columnSecond columnThird columnZoning of land under Master PlanPart of property deemed attributable to industrial purposePart of property deemed attributable to residential purposeWhite—100% of gross floor areaB1100% of gross floor area—B1 — WhiteThe minimum gross floor area which must be set aside for “B1 uses” under the Master Plan before “White uses” are allowed—B2100% of gross floor area—B2 — WhiteThe minimum gross floor area which must be set aside for “B2 uses” under the Master Plan before “White uses” are allowed—BP85% of gross floor area—BP — White100% of gross floor area less maximum percentage thereof which may be set aside for “White uses” under the Master Plan—Residential—100% of gross floor areaResidential/Institution—100% of gross floor areaCommercial and Residential—60% of gross floor areaResidential with commercial on the 1st storey—Total gross floor area less the minimum gross floor area which must be set aside for commercial uses under the Master Plan[S 68/2023 wef 15/02/2023][S 480/2025 wef 04/07/2025]

(2B)

For the purposes of paragraphs (a)(iii) and (iv), (bd), (be), (bg) and (bj) of this Article and paragraph (2)(bb), where the property is a building or part thereof —

(a)

a part of the property is attributable to an industrial purpose if it is permitted under the Planning Act 1998 to be used for any purpose set out in the Schedule to the Stamp Duties (Section 22A) Order 2010; and

(b)

a part of the property is attributable to a residential purpose if it is permitted under the Planning Act 1998 for a residential use.[S 68/2023 wef 15/02/2023][S 480/2025 wef 04/07/2025]

(2C)

For the purposes of the definition of “residential property” as well as paragraph (2B), whether a building or part thereof is permitted under the Planning Act 1998 to be used for a particular purpose is to be determined in accordance with paragraph 6 of the Stamp Duties (Section 22A) Order 2010.

(3)

To avoid doubt, in determining if a person beneficially owns (whether alone or jointly or in common with another) an estate or interest in any number of residential properties situated within Singapore, any ownership of partnership property or property held on trust by the person is disregarded.

(4)

To avoid doubt —

(a)

a reference to the amount of consideration or value of property being conveyed, assigned or transferred includes a reference to the amount of consideration or value of the estate or interest in the property being conveyed, assigned or transferred; and

(b)

a reference to the number of residential properties being conveyed, assigned or transferred under an instrument includes a reference to the number of residential properties in which an estate or interest is being conveyed, assigned or transferred under the instrument.

(5)

If —

(a)

the grantee, transferee or lessee or any of 2 or more joint grantees, transferees or lessees under the instrument to be stamped is a relevant individual;

(b)

at the time of the execution of the instrument, the relevant individual beneficially owns jointly or in common with one or more other persons any estate or interest in any residential property other than by virtue of the transaction which is the subject of the instrument; and

(c)

that other person or any of those other persons conveys, assigns or transfers the person’s estate or interest (or any part thereof) in that property under the instrument to the grantee, transferee or lessee or joint grantees, transferees or lessees,then —

(d)

if no other residential property (or estate or interest in the property) besides that estate or interest is conveyed, assigned or transferred under the instrument, paragraph (bc), (bf), (bh) or (bi) of this Article does not apply to that instrument despite anything in that paragraph; or[S 243/2023 wef 27/04/2023]

(e)

in any other case, the conveyance, assignment or transfer of that estate or interest is disregarded in determining the applicability of paragraph (bc), (bf), (bh) or (bi) of this Article, including in determining the total number of residential properties being conveyed, assigned or transferred under the instrument and the amount of stamp duty payable.[S 243/2023 wef 27/04/2023]

(6)

Paragraph (5) (as it relates to paragraph (bc) of this Article) does not apply if —

(a)

the relevant individual is one of 2 or more joint grantees, transferees or lessees under the instrument; and

(b)

without considering the status of the relevant individual, sub‑paragraph (i), (ii), (iii), (iv), (v) or (vi) of paragraph (bc) of this Article applies to the instrument by virtue of the fact that the other joint grantee, transferee or lessee, or any of the other joint grantees, transferees or lessees, not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest, is —

(i)

in the case of sub‑paragraph (i) of paragraph (bc) of this Article, a Singapore citizen owning 2 or more properties;

(ii)

in the case of sub‑paragraph (ii) of paragraph (bc) of this Article, a Singapore citizen owning one property;

(iii)

in the case of sub‑paragraph (iii) of paragraph (bc) of this Article, a Singapore citizen not owning property;

(iv)

in the case of sub‑paragraph (iv) of paragraph (bc) of this Article, a Singapore permanent resident owning property;

(v)

in the case of sub‑paragraph (v) of paragraph (bc) of this Article, a Singapore permanent resident not owning property; or

(vi)

in the case of sub‑paragraph (vi) of paragraph (bc) of this Article, a foreigner or an entity.

(7)

Paragraph (5) (as it relates to paragraph (bf) of this Article) does not apply if —

(a)

the relevant individual is one of 2 or more joint grantees, transferees or lessees under the instrument; and

(b)

without considering the status of the relevant individual, sub‑paragraph (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix) or (x) of paragraph (bf) of this Article applies to the instrument by virtue of the fact that the other joint grantee, transferee or lessee, or any of the other joint grantees, transferees or lessees, not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest, is —

(i)

in the case of sub‑paragraph (i) of paragraph (bf) of this Article, a Singapore citizen owning one property;

(ii)

in the case of sub‑paragraph (ii) of paragraph (bf) of this Article, a Singapore permanent resident not owning property;

(iii)

in the case of sub‑paragraph (iii) of paragraph (bf) of this Article, a Singapore citizen owning 2 or more properties or a Singapore permanent resident owning property;

(iv)

in the case of sub‑paragraph (iv) or (v) of paragraph (bf) of this Article, a Singapore citizen not owning property;

(v)

in the case of sub‑paragraph (vi) of paragraph (bf) of this Article, a Singapore citizen owning one property;

(vi)

in the case of sub‑paragraph (vii) of paragraph (bf) of this Article, a Singapore permanent resident not owning property;

(vii)

in the case of sub‑paragraph (viii) of paragraph (bf) of this Article, a foreigner;

(viii)

in the case of sub‑paragraph (ix) of paragraph (bf) of this Article, an entity other than a housing developer; and

(ix)

in the case of sub‑paragraph (x) of paragraph (bf) of this Article, a housing developer.

(7AA) Paragraph (5) (as it relates to paragraph (bh) of this Article) does not apply if the relevant individual is one of 2 or more joint grantees, transferees or lessees under the instrument, and, without considering the status of the relevant individual —

(a)

sub‑paragraph (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (x), (xi), (xii), (xiv), (xv), (xvi), (xvii), (xviii) or (xix) of paragraph (bh) of this Article applies to the instrument by virtue of the fact that the other joint grantee, transferee or lessee, or any of the other joint grantees, transferees or lessees (not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest) is —

(i)

in the case of sub‑paragraph (i), (iv) or (xiv) of paragraph (bh) of this Article — a Singapore permanent resident not owning property;

(ii)

in the case of sub‑paragraph (ii) or (vi) of paragraph (bh) of this Article — a Singapore citizen not owning property;

(iii)

in the case of sub‑paragraph (iii), (vii) or (viii) of paragraph (bh) of this Article — a Singapore citizen owning one property;

(iv)

in the case of sub‑paragraph (v) or (xv) of paragraph (bh) of this Article — a Singapore permanent resident owning one property;

(v)

in the case of sub‑paragraph (x), (xi) or (xii) of paragraph (bh) of this Article — a Singapore citizen owning 2 or more properties;

(vi)

in the case of sub‑paragraph (xvi) of paragraph (bh) of this Article — a Singapore permanent resident owning 2 or more properties;

(vii)

in the case of sub‑paragraph (xvii) of paragraph (bh) of this Article — a foreigner;

(viii)

in the case of sub‑paragraph (xviii) of paragraph (bh) of this Article — an entity other than a housing developer, or a trustee other than a trustee for a housing developer (but only if the instrument is executed on or after 9 May 2022); and[S 366/2022 wef 09/05/2022]

(ix)

in the case of sub‑paragraph (xix) of paragraph (bh) of this Article — a housing developer, or a trustee for a housing developer (but only if the instrument is executed on or after 9 May 2022); or[S 366/2022 wef 09/05/2022]

(b)

sub‑paragraph (ix) or (xiii) of paragraph (bh) of this Article applies to the instrument by virtue of the fact that —

(i)

in the case of sub‑paragraph (ix) of paragraph (bh) of this Article — any of the other joint grantees, transferees or lessees (not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest) is a Singapore citizen owning one property and another is a Singapore permanent resident not owning property; and

(ii)

in the case of sub‑paragraph (xiii) of paragraph (bh) of this Article — any of the other joint grantees, transferees or lessees (not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest) is a Singapore citizen owning 2 or more properties and another is a Singapore permanent resident not owning property.

(7AB) Paragraph (5) (as it relates to paragraph (bi) of this Article) does not apply if the relevant individual is one of 2 or more joint grantees, transferees or lessees under the instrument, and, without considering the status of the relevant individual —

(a)

sub-paragraph (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (x), (xi), (xii), (xiv), (xv), (xvi), (xvii), (xviii) or (xix) of paragraph (bi) of this Article applies to the instrument by virtue of the fact that the other joint grantee, transferee or lessee, or any of the other joint grantees, transferees or lessees (not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest) is —

(i)

in the case of sub-paragraph (i), (iv) or (xiv) of paragraph (bi) of this Article — a Singapore permanent resident not owning property;

(ii)

in the case of sub-paragraph (ii) or (vi) of paragraph (bi) of this Article — a Singapore citizen not owning property;

(iii)

in the case of sub-paragraph (iii), (vii) or (viii) of paragraph (bi) of this Article — a Singapore citizen owning one property;

(iv)

in the case of sub-paragraph (v) or (xv) of paragraph (bi) of this Article — a Singapore permanent resident owning one property;

(v)

in the case of sub-paragraph (x), (xi) or (xii) of paragraph (bi) of this Article — a Singapore citizen owning 2 or more properties;

(vi)

in the case of sub-paragraph (xvi) of paragraph (bi) of this Article — a Singapore permanent resident owning 2 or more properties;

(vii)

in the case of sub-paragraph (xvii) of paragraph (bi) of this Article — a housing developer, or a trustee for a housing developer;

(viii)

in the case of sub-paragraph (xviii) of paragraph (bi) of this Article — a foreigner; and

(ix)

in the case of sub-paragraph (xix) of paragraph (bi) of this Article — an entity other than a housing developer, or a trustee other than a trustee for a housing developer; or

(b)

sub-paragraph (ix) or (xiii) of paragraph (bi) of this Article applies to the instrument by virtue of the fact that —

(i)

in the case of sub-paragraph (ix) of paragraph (bi) of this Article — any of the other joint grantees, transferees or lessees (not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest) is a Singapore citizen owning one property and another is a Singapore permanent resident not owning property; and

(ii)

in the case of sub-paragraph (xiii) of paragraph (bi) of this Article — any of the other joint grantees, transferees or lessees (not being a relevant individual who satisfies paragraph (5)(b) in relation to that estate or interest) is a Singapore citizen owning 2 or more properties and another is a Singapore permanent resident not owning property.[S 243/2023 wef 27/04/2023]

(7A)

In paragraphs (5), (6), (7), (7AA) and (7AB), “relevant individual” means —

(a)

in the case of paragraph (bc) of this Article, an individual who is —

(i)

a Singapore citizen owning one property;

(ii)

a Singapore citizen owning 2 properties; or

(iii)

a Singapore permanent resident owning one property,where the property or any of the properties (as the case may be) is the property mentioned in paragraph (5)(b); or

(b)

in the case of paragraph (bf), (bh) or (bi) of this Article, an individual who is a Singapore citizen owning one property, being the property mentioned in paragraph (5)(b).[S 243/2023 wef 27/04/2023][S 243/2023 wef 27/04/2023]

(8)

In determining if a person beneficially owns (whether alone or jointly or in common with another) an estate or interest in any number of residential properties situated within Singapore, any ownership of property that is the subject of a notification under section 5 of the Land Acquisition Act 1966 is disregarded.Article 3ACONVEYANCE OF EQUITY INTERESTS IN PROPERTY‑HOLDING ENTITIES OR ENTITIES WITH OWNERSHIP INTERESTS IN PROPERTY‑HOLDING ENTITIESDescription of instrumentProper stamp duty1Conveyance of equity interests in a PHEDuty A or duty B or both (as applicable).Duty A is the sum total of the amounts in paragraphs (a)(i), (ii) or (iii) (as applicable), and (b), for a PHE that is a Type 1 PHE, the sum total of the amounts in paragraphs (c)(i), (ii) or (iii) (as applicable), and (d), for a PHE that is a Type 2 PHE, and the sum total of the amounts in paragraphs (c)(i), (ii) or (iii) (as applicable), and (d), for a PHE that is both a Type 1 PHE and a Type 2 PHE.Duty B is the amount in paragraph (e) for a PHE that is a Type 1 PHE, the amount in paragraph (f) for a PHE that is a Type 2 PHE, and the amount in paragraph (f) for a PHE that is both a Type 1 PHE and a Type 2 PHE.

(a)

Market value of the underlying property of the PHE under paragraph (a) of the definition of “underlying property” in section 23(21) —

(i)

where the conveyance is executed before 20 February 2018 —The sum of the following: for every dollar of the first $180,000 for every dollar of the next $180,000 for every dollar exceeding $360,000(ii)where the conveyance is executed on or after 20 February 2018 but before 15 February 2023 —The sum of the following: for every dollar of the first $180,000 for every dollar of the next $180,000 for every dollar of the next $640,000 for every dollar exceeding $1,000,000(iii)where the conveyance is executed on or after 15 February 2023 —The sum of the following: for every dollar of the first $180,000 for every dollar of the next $180,000 for every dollar of the next $640,000 for every dollar of the next $500,000 for every dollar of the next $1,500,000 for every dollar exceeding $3,000,000(b) (c)Market value of the underlying property of the PHE under paragraph (b) of the definition of “underlying property” in section 23(21) —

(i)

where the conveyance is executed before 20 February 2018 —The sum of the following: for every dollar of the first $180,000+ for every dollar of the next $180,000+ for every dollar exceeding $360,000+(ii)where the conveyance is executed on or after 20 February 2018 but before 15 February 2023 —The sum of the following: for every dollar of the first $180,000+ for every dollar of the next $180,000+ for every dollar of the next $640,000+ for every dollar exceeding $1,000,000+(iii)where the conveyance is executed on or after 15 February 2023 —The sum of the following: for every dollar of the first $180,000+ for every dollar of the next $180,000+ for every dollar of the next $640,000+ for every dollar of the next $500,000+ for every dollar of the next $1,500,000+ for every dollar exceeding $3,000,000+(d) +(e) (A) where U1 comprises equity interests acquired by the grantor between 11 March 2017 and 3 July 2025 (both dates inclusive) (called pre‑4 July 2025 equity interests), and the conveyance is executed within the holding period of 3 years from the date such equity interests were acquired;

(B)

where U1 comprises equity interests acquired by the grantor on or after 4 July 2025 (called post-4 July 2025 equity interests), and the conveyance is executed within the holding period of 4 years from the date such equity interests were acquired; or

(C)

The sum of the amounts computed by sub‑paragraphs (A) and (B), where U1 comprises both pre‑4 July 2025 equity interests and post‑4 July 2025 equity interests, and the conveyance is executed within the respective holding periods mentioned in those sub‑paragraphs(f) (A) where U1 comprises pre-4 July 2025 equity interests, and the conveyance is executed within the holding period of 3 years from the date such equity interests were acquired;

(B)

where U1 comprises post-4 July 2025 equity interests, and the conveyance is executed within the holding period of 4 years from the date such equity interests were acquired; or

(C)

The sum of the amounts computed by sub‑paragraphs (A) and (B), where U1 comprises both pre-4 July 2025 equity interests and post-4 July 2025 equity interests, and the conveyance is executed within the respective holding periods mentioned in those sub‑paragraphs [S 480/2025 wef 04/07/2025][S 68/2023 wef 15/02/2023]Where —

(a)

U is —

(i)

if, as a result of the conveyance, the grantee becomes a significant owner of the PHE, and this is the first time the grantee becomes such significant owner since the effective date, the difference between —

(A)

the sum of the equity interests in the PHE beneficially owned by the grantee following the conveyance, and the equity interests in the PHE beneficially owned by each of the grantee’s associates, acquired on or after the effective date; and

(B)

the lowest amount, at any time in the period between the effective date and the time of execution of the conveyance, of the sum of —

(BA)

the equity interests in the PHE beneficially owned by the grantee; and

(BB)

the equity interests in the PHE beneficially owned by each of the grantee’s associates;

(ii)

if, as a result of the conveyance, the grantee becomes a significant owner of the PHE at any time other than that mentioned in sub‑paragraph (i), the difference between —

(A)

(B)

the lowest amount, at any time in the period between the date of the most recent conveyance by which the grantee ceased to be a significant owner and the time of execution of the conveyance, of the sum of —

(BA)

the equity interests in the PHE beneficially owned by the grantee; and

(BB)

the equity interests in the PHE beneficially owned by each of the grantee’s associates;

(iii)

if, after the conveyance, the grantee remains a significant owner of the PHE, the total number of all equity interests in the PHE conveyed under the conveyance to the grantee;

(aa)

however, in a case where —

(i)

the equity interests had earlier been conveyed to the grantor on or after 10 May 2022 to hold on trust for the grantee as beneficiary (but not a bare trust beneficiary);

(ii)

the grantor then exercised a power of appointment (whether pursuant to the trust or otherwise) over those equity interests in favour of the grantee, as a result of which the grantee became a significant owner of the PHE; and

(iii)

the conveyance is a conveyance executed on or after 10 May 2022 of those equity interests by the grantor to the grantee under the trust,then U is —

(iv)

if this is the first time that the grantee becomes such significant owner since the effective date, the difference between —

(A)

(B)

the lowest amount, at any time in the period between the effective date and the time of execution of the conveyance, of the sum of —

(BA)

the equity interests in the PHE beneficially owned by the grantee; and

(BB)

the equity interests in the PHE beneficially owned by each of the grantee’s associates; and

(v)

if the grantee becomes such significant owner at any other time, the difference between —

(A)

(B)

(BA)

the equity interests in the PHE beneficially owned by the grantee; and

(BB)

the equity interests in the PHE beneficially owned by each of the grantee’s associates;[Act 22 of 2022 wef 10/05/2022]

(b)

U1 is the amount of equity interests specified in section 23(8) that are comprised in the conveyance;

(c)

V is the total amount of all equity interests in the PHE;

(d)

W is the market value, at the time of execution of the conveyance, of the underlying property of the PHE under paragraph (a) of the definition of “underlying property” in section 23(21);

(e)

W1 is the market value, at the time of execution of the conveyance, of the underlying property of the PHE under paragraph (b)(i) of the definition of “underlying property” in section 23(21);

(f)

W2 is the market value, at the time of execution of the conveyance, of the underlying property of the PHE under paragraph (b)(ii) of the definition of “underlying property” in section 23(21);

(g)

X is the percentage of the equity interests in a Type 1 PHE that the PHE (being a Type 2 PHE) beneficially owns (including indirectly by applying section 23(18)); and

(h)

Z% is —

(i)

if the conveyance is executed before 6 July 2018, 15%;

(ii)

if the conveyance is executed between 6 July 2018 and 15 December 2021 (both dates inclusive), 30%; [S 243/2023 wef 27/04/2023]

(iii)

if the conveyance is executed between 16 December 2021 and 26 April 2023 (both dates inclusive), 40%; and[S 243/2023 wef 27/04/2023]

(iv)

if the conveyance is executed on or after 27 April 2023, 65%.Description of instrumentProper stamp duty2Conveyance of equity interests in an entity with ownership interests in a PHEDuty C or duty D or both (as applicable).Duty C is the sum total of the amounts in paragraphs (a)(i), (ii) or (iii) (as applicable), and (b), for a PHE that is a Type 1 PHE, the sum total of the amounts in paragraphs (c)(i), (ii) or (iii) (as applicable), and (d), for a PHE that is a Type 2 PHE, and the sum total of the amounts in paragraphs (c)(i), (ii) or (iii) (as applicable), and (d), for a PHE that is both a Type 1 PHE and a Type 2 PHE.Duty D is the amount in paragraph (e) for a PHE that is a Type 1 PHE, the amount in paragraph (f) for a Type 2 PHE, and the amount in paragraph (f) for a PHE that is both a Type 1 PHE and a Type 2 PHE.

(a)

Market value of the underlying property of the PHE under paragraph (a) of the definition of “underlying property” in section 23(21) —

(i)

(B)

where U1 comprises equity interests acquired by the grantor on or after 4 July 2025 (called post‑4 July 2025 equity interests), and the conveyance is executed within the holding period of 4 years from the date such equity interests were acquired; or

(C)

The sum of the amounts computed by sub‑paragraphs (A) and (B), where U1 comprises both pre-4 July 2025 equity interests and post-4 July 2025 equity interests, and the conveyance is executed within the respective holding periods mentioned in those sub‑paragraphs(f) (A) where U1 comprises pre-4 July 2025 equity interests, and the conveyance is executed within the holding period of 3 years from the date such equity interests were acquired;

(B)

where U1 comprises post-4 July 2025 equity interests, and the conveyance is executed within the holding period of 4 years from the date such equity interests were acquired; or

(C)

The sum of the amounts computed by sub‑paragraphs (A) and (B), where U1 comprises both pre-4 July 2025 equity interests and post‑4 July 2025 equity interests, and the conveyance is executed within the respective holding periods mentioned in those sub‑paragraphs[S 480/2025 wef 04/07/2025][S 243/2023 wef 27/04/2023] Where —

(a)

U is —

(i)

if the equity interests in the entity (called the target entity) being conveyed, together with the equity interests in one or more other entities (each called a 2nd entity) beneficially owned by the grantee, would result in the grantee becoming a significant owner of the combined single entity, and this is the first time the grantee becomes such significant owner since the effective date, the difference between —

(A)

the sum of the equity interests in the target entity beneficially owned by the grantee following the conveyance, and the equity interests in the target entity beneficially owned by each of the grantee’s associates, that are acquired on or after the effective date; and

(B)

the lowest amount, at any time in the period between the effective date and the time of execution of the conveyance, of the sum of —

(BA)

the equity interests in the target entity beneficially owned by the grantee; and

(BB)

the equity interests in the target entity beneficially owned by each of the grantee’s associates;

(ii)

if the equity interests in the entity (called the target entity) being conveyed, together with the equity interests in one or more other entities (each called a 2nd entity) beneficially owned by the grantee, would result in the grantee becoming a significant owner of the combined single entity, and this is not the first time that the grantee becomes such significant owner since the effective date, the difference between —

(A)

(B)

(BA)

the equity interests in the target entity beneficially owned by the grantee; and

(BB)

the equity interests in the target entity beneficially owned by each of the grantee’s associates; or

(iii)

if the grantee is already a significant owner of the combined single entity at the time of execution of the conveyance, the amount of equity interests in the entity (called the target entity) conveyed under the conveyance;

(aa)

however, in a case where —

(i)

the equity interests in the entity (being the target entity) had earlier been conveyed to the grantor on or after 10 May 2022 to hold on trust for the grantee as beneficiary (but not a bare trust beneficiary);

(ii)

the grantor then exercised a power of appointment (whether pursuant to the trust or otherwise) over those equity interests in favour of the grantee;

(iii)

those equity interests together with the equity interests in one or more entities (each called a 2nd entity) beneficially owned by the grantee, would result in the grantee becoming a significant owner of the combined entity; and

(iv)

the conveyance is a conveyance executed on or after 10 May 2022 of those equity interests by the grantor to the grantee under the trust,then U is —

(v)

if this is the first time that the grantee becomes such significant owner since the effective date, the difference between —

(A)

(B)

the lowest amount, at any time in the period between the effective date and the time of execution of the conveyance, of the sum of —

(BA)

the equity interests in the target entity beneficially owned by the grantee; and

(BB)

the equity interests in the target entity beneficially owned by each of the grantee’s associates; and

(vi)

if this is not the first time that the grantee becomes such significant owner since the effective date, the difference between —

(A)

(B)

(BA)

the equity interests in the target entity beneficially owned by the grantee; and

(BB)

the equity interests in the target entity beneficially owned by each of the grantee’s associates;[Act 22 of 2022 wef 10/05/2022]

(b)

P is —

(i)

in the case mentioned in paragraph (a)(i), the total of the sums calculated for each 2nd entity mentioned in that provision using the formula , where —

(A)

Q is the sum of the equity interests in the 2nd entity beneficially owned by the grantee, and the equity interests in the 2nd entity beneficially owned by each of the grantee’s associates, that were acquired between the effective date and the time of execution of the conveyance;

(B)

R is the total amount of all equity interests in the 2nd entity; and

(C)

S is the percentage of the equity interests in the PHE that the 2nd entity beneficially owns (including indirectly by applying section 23(18));

(ii)

in the case mentioned in paragraph (a)(ii), the total of the sums calculated for each 2nd entity mentioned in that provision using the formula , where —

(A)

Q1 is the difference between —

(AA)

the sum of the equity interests in the 2nd entity beneficially owned by the grantee following the conveyance, and the equity interests in the 2nd entity beneficially owned by each of the grantee’s associates; and

(AB)

the lowest amount of equity interests in the 2nd entity beneficially owned by the grantee in the period between the date of the most recent conveyance by which the grantee, and the equity interests in the 2nd entity beneficially owned by each of the grantee’s associates, ceased to be a significant owner and the time of execution of the conveyance; and

(B)

R and S have the same meanings as in sub‑paragraph (i); and

(iii)

in the case mentioned in paragraph (a)(iii), zero;

(c)

U1 is the amount of equity interests specified in section 23(8) that are comprised in the conveyance;

(d)

V is the total amount of all equity interests in the target entity;

(e)

W is the market value, at the time of execution of the conveyance, of the underlying property of the PHE under paragraph (a) of the definition of “underlying property” in section 23(21);

(f)

W1 is the market value, at the time of execution of the conveyance, of the underlying property of the PHE under paragraph (b)(i) of the definition of “underlying property” in section 23(21);

(g)

W2 is the market value, at the time of execution of the conveyance, of the underlying property of the PHE under paragraph (b)(ii) of the definition of “underlying property” in section 23(21);

(h)

X is the percentage of the equity interests in a Type 1 PHE that the PHE (being a Type 2 PHE) beneficially owns (including indirectly by applying section 23(18));

(i)

Y is the percentage of the equity interests in the PHE that the target entity beneficially owns (including indirectly by applying section 23(18)) at the time of the execution of the conveyance; and

(j)

Z% is —

(i)

if the conveyance is executed before 6 July 2018, 15%;

(ii)

if the conveyance is executed between 6 July 2018 and 15 December 2021 (both dates inclusive), 30%; [S 243/2023 wef 27/04/2023]

(iii)

if the conveyance is executed between 16 December 2021 and 26 April 2023 (both dates inclusive), 40%; and[S 243/2023 wef 27/04/2023]

(iv)

if the conveyance is executed on or after 27 April 2023, 65%.Note:In this Article, the market value of the underlying property of a PHE is the amount of the value of the part of the property that is attributable to a residential purpose, as defined in paragraphs (2A), (2B) and (2C) of Article 3.[S 243/2023 wef 27/04/2023]Article 4DECLARATION OF TRUSTDescription of instrument Proper stamp dutyDeclaration of any trust of or concerning any immovable property, stock or shares, or equity interests in an entity, by any writing, not being a will, or an instrument chargeable with duty as a conveyance on sale, gift or settlement (a)If it is a self‑declared trust in relation to the property, the same duty as for a conveyance, assignment or transfer; or

(b)

In any other case — $10Note:In this Article, “entity” and “equity interest” have the meanings given by section 23.[S 366/2022 wef 09/05/2022]Article 5[Deleted by Act 23 of 2011]Article 6ExchangeDescription of instrument Proper stamp dutyAny instrument by which immovable properties are exchanged or agreed to be exchanged The same duty as for a conveyance on sale for each of the immovable properties in the exchangeArticle 7GiftDescription of instrumentProper stamp dutyGiftThe same duty as for a conveyance on sale Article 8Lease or agreement for a leaseDescription of instrument Proper stamp dutyLease or agreement for a lease of any immovable property including any furniture, chattels, fittings or equipment and for securing the payment for the provision of services or facilities or to other matters or things in connection with such lease — When the Lease is for a period Not exceeding one yearExceeding one year but not exceeding 3 yearsExceeding 3 years or for any indefinite term(a)Without premium and executed on or after 1 April 2003 but before 22 February 2014, for every $250 or any part thereof of the average rent and other consideration calculated for a whole year $1$2$4 Not exceeding 4 yearsExceeding 4 years or for any indefinite term(aa)Without premium and executed on or after 22 February 2014 0.4% × A × 4where A is the average rent and other consideration calculated for a whole year(b)In consideration of a premium only The same duty as for a conveyance for a sum equal to the amount of such consideration(c)In consideration of a premium and reserving a rent or other consideration The same duty as for a conveyance on sale in consideration of the premium and a lease for the rent and other considerationExemptions: 1.Any lease or agreement for a lease mentioned in paragraph (a), (aa) or (c) executed on or after 1 April 2003 where the average rent and other consideration calculated for a whole year does not exceed $1,000. 2.Any lease or agreement for a lease executed on or after 19 February 2011 pursuant to a duly stamped agreement, or another duly stamped agreement, for the same. 3.Any lease or agreement for a lease mentioned in paragraph (a) or (aa) executed on or after 1 June 2012 in respect of the direct leasing of a flat from the Housing and Development Board under a scheme known as the “Public Rental Scheme”. Article 9Mortgage, Agreement for a mortgage and debentureDescription of instrument Proper stamp duty(a)Mortgage, agreement for a mortgage and debenture of immovable property and stock or shares, being a security (other than an equitable mortgage) for the payment or repayment of money —

(i)

if executed before 22 February 2014 $4 for every $1,000 or any part thereof, of the amount of the money, subject to a maximum of $500(ii)if executed on or after 22 February 2014 0.4% of the amount of the money, subject to a maximum of $500(b)Mortgage, agreement for a mortgage and debenture of immovable property and stock or shares, being an equitable mortgage for the payment or repayment of money —

(i)

if executed before 22 February 2014 $2 for every $1,000 or any part thereof, of the amount of the money, subject to a maximum of $500(ii)if executed on or after 22 February 2014 0.2% of the amount of the money, subject to a maximum of $500(c)Transfer, assignment or disposition of any mortgage or debenture —

(i)

if executed before 22 February 2014 —

(A)

for every $1,000 of the amount transferred, assigned or disposed, inclusive of interest which is in arrears; $2 subject to a maximum of $500(B)where any further money is added to the money already secured; $4 for every $1,000 or any part thereof, of the amount of such further money, subject to a maximum of $500(ii)if executed on or after 22 February 2014 —

(A)

for the amount transferred, assigned or disposed, inclusive of interest which is in arrears; 0.2% of the amount subject to a maximum of $500(B)where any further money is added to the money already secured 0.4% of the amount of such further money, subject to a maximum of $500Exemptions: 1.Any mortgage of stock or shares under hand only. 2.Any mortgage executed on or after 19 February 2011 pursuant to a duly stamped agreement for the same. 3.Any security executed on or after 19 February 2011 in conjunction with the security which is duly stamped under paragraph (a). Article 10[Deleted by Act 23 of 2011]Article 11SettlementDescription of instrument Proper stamp dutyInstrument of settlement or agreement for settlement of any of the following: (a)an immovable property;

(b)

any stock or shares; (c)equity interests in an entity The same duty as for a conveyance, assignment or transferExemption: Any settlement executed on or after 19 February 2011 pursuant to a duly stamped agreement for the same. Notes:(1) In this Article, “entity” and “equity interest” have the meanings given by section 23.

(2)

For the purpose of computing the proper stamp duty for an instrument in this Article that is made upon a good or valuable consideration other than a bona fide pecuniary consideration, the instrument is treated as a conveyance on sale for a consideration equal to the value of the property.

(3)

For the purpose of determining the duty mentioned in Article 3 for an instrument executed on or after 9 May 2022 in this Article, a reference to the grantor, transferor or lessor is a reference to the settlor, and a reference to the grantee, transferee or lessee is a reference to the trustee.

(4)

For the purpose of determining the duty mentioned in Article 3A for an instrument executed on or after 10 May 2022 in this Article, a reference to the grantor, transferor or lessor is a reference to the settlor, and a reference to the grantee, transferee or lessee is —

(a)

in a case where the equity interests in the entity are to be held on trust by the grantee, transferee or lessee for a beneficiary who is not a bare trust beneficiary — the grantee, transferee or lessee; or

(b)

in a case where the equity interests in the entity are to be held on trust by the grantee, transferee or lessee for a bare trust beneficiary — the bare trust beneficiary.[Act 22 of 2022 wef 10/05/2022][S 366/2022 wef 09/05/2022]Article 12Surrender of a leaseDescription of instrument Proper stamp dutySurrender of lease of immovable property for consideration The same duty as for a conveyance on sale for a consideration equal to the amount of such consideration[23/2011; 13/2017; 28/2019; S 474/2010; S 16/2011; S 644/2011; S 647/2011; S 117/2012; S 253/2012; S 12/2013; S 96/2014; S 84/2017; S 87/2018; S 452/2018; S 460/2018; S 943/2021]

Terms defined in s 2

company
Defined · s 2
“company” means any company incorporated or registered under any law in force in Singapore or elsewhere;
Open s 2
conveyance on sale
Defined · s 2
“conveyance on sale” includes every instrument and every decree or order of any court, by which any property, or any estate or interest in any property, upon the sale thereof is transferred to or vested in a purchaser or any other person on the purchaser’s behalf or by the purchaser’s direction;
Open s 2
duly stamped
Defined · s 2
“duly stamped”, as applied to an instrument chargeable with duty, means —(a)that the instrument bears an adhesive or impressed stamp of not less than the proper amount, and that stamp has been affixed in accordance with the provisions of this Act for the time being in force at the time of stamping; or(b)that the instrument, if stamped using the E‑Stamping system, has attached to it a stamp certificate issued for the instrument by the Commissioner in accordance with the provisions of this Act for the time being in force at the time of stamping;
Open s 2
duty
Defined · s 2
“duty” means any stamp duty for the time being chargeable under this Act or any other Act;
Open s 2
equitable mortgage
Defined · s 2
“equitable mortgage” means an agreement or a memorandum under hand only, relating to the deposit of any title deeds or instruments constituting or being evidence of the title to any property whatever (other than stock or marketable securities), or creating a charge on such property;
Open s 2
executed
Defined · s 2
“executed” and “execution”, used with reference to instruments not under seal, mean “signed” and “signature”;
Open s 2
execution
Defined · s 2
“executed” and “execution”, used with reference to instruments not under seal, mean “signed” and “signature”;
Open s 2
instrument
Defined · s 2
“instrument” includes every written document;
Open s 2
lease
Defined · s 2
“lease” means a lease of immovable property, and includes the following:(a)any undertaking in writing to cultivate, occupy or pay or deliver rent for immovable property;(b)any instrument by which tolls, rents or profits of any description are let to farm;(c)any writing on an application for a lease intended to signify that the application is granted;
Open s 2
Master Plan
Defined · s 2
“Master Plan” has the meaning given by section 2 of the Planning Act 1998;
Open s 2
money
Defined · s 2
“money” includes all sums whether expressed in the currency of Singapore or in any other currency;
Open s 2
mortgage
Defined · s 2
“mortgage” means a security by way of mortgage for the payment of any definite and certain sum of money advanced or lent at the time, or previously due or forborne to be paid, being payable, or for the repayment of money to be thereafter lent, advanced or paid, or which may become due upon an account current, together with any sum already advanced or due, or without (as the case may be), and includes —(a)any conveyance of any property in trust to be sold or otherwise converted into money intended only as a security, and redeemable before the sale or other disposal of the property, either by express stipulation or otherwise;(b)any instrument in writing for defeating or making redeemable, or explaining or qualifying any conveyance of property, apparently absolute, but intended only as a security;(c)any agreement for a mortgage or any agreement (other than an agreement chargeable with duty as an equitable mortgage), contract or bond accompanied with a deposit of title deeds or with other instruments evidencing a right to property, for making a mortgage or any other security or conveyance as aforesaid of any property comprised in the title deeds or other instruments or for pledging or charging the same as a security; and(d)any deed operating as a mortgage of any stock or marketable security;
Open s 2
residential property
Defined · s 2
“residential property” means —(a)any house, building or other premises or any part thereof which is permitted to be used under the Planning Act 1998 or any other written law as a dwelling house or which is lawfully so used; or(b)any land zoned in the Master Plan for solely residential purposes or for mixed purposes, one of which is residential,and includes any estate or interest therein;
Open s 2
settlement
Defined · s 2
“settlement” means any non‑testamentary disposition in writing whether made voluntarily or upon a good or valuable consideration other than a bona fide pecuniary consideration by which any definite and certain property is settled, or agreed to be settled, in any manner for any purpose;
Open s 2
stock
Defined · s 2
“stock” includes any share in the capital stock or funded debt of a company, corporation, society or VCC in Singapore or elsewhere and stocks or funds of the Government or of any other government or country;
Open s 2

Report

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Details

Stamp Duties Act 1929 · Sch 1

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Judgments that cite this Act

16 in all

An extension of time to appeal was refused because the proposed appeal would be hopeless SummaryLew Huey Jiun Isabelle and another v Lee Yu Ru Michael and another · [2025] SGHC 1
A 99:1 property arrangement did not stop the majority payer claiming a trust share SummaryNgor Shing Rong Jake v Wong Mei Lee Millie · [2025] SGHC 119
Money a mother advanced towards her daughter's property was a loan, not ownership SummaryHajjah Noor Jehan bte Mohamed Ghouse v Nur Fairuz Magnus · [2026] SGHC 83

Where this comes from

Singapore Statutes Online · Stamp Duties Act 1929, 2021 Revised Edition. Reader record updated on 7 Oct 2026.

Singapore legislation is Government copyright, used with the permission of the Attorney-General’s Chambers. Check Singapore Statutes Online for the latest version.

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