Avenue South Residence Price – BSD
Buyer Stamp Duty (BSD) is a tax levied on documents signed when a property is acquired in Singapore. The amount will be derived from the Avenue South Residence Price.
Additional Buyer Stamp Duty (ABSD)
Additional Buyer Stamp Duty (ABSD) is to be paid based on Avenue South Residence Price. Rates will depend on buyer’s residency status and no. of property held.
Understand more about BSD, ABSD
Buyer’s Stamp Duty is tax paid on the acceptance of Option to Purchase (OTP) / Sale & Purchase Agreements (S&P). These are documents (i.e. OTP or S&P) that are prepared and signed when you buy or sell your property. Stamp Duty is payable on the actual price or market price whichever is higher. The buyer is responsible for paying Buyer’s Stamp Duty. Where Seller’s Stamp Duty is applicable, the seller is responsible for paying Seller’s Stamp Duty.
Additional buyer’s stamp duty (“ABSD”) is payable on the acquisition of residential properties1, based on the higher of the consideration or market value. The ABSD rate applicable depends on the profile of the buyer. For acquisitions made jointly by two or more parties of different profiles, the ABSD rate applicable will be based on the profile with the highest ABSD rate on the entire property value acquired.
It is important for the purchasing entity to decide whether it will undertake housing development of the subject property at the point of purchase, in order to ascertain the applicable ABSD treatment. Any subsequent change of intention will not be considered for stamp duty purposes.