Property tax is a tax levied on property ownership. The annual tax payable is a percentage of the annual value of the property, which is the gross amount for which the property is expected to be let out in that year.
The property tax rate on commercial and industrial buildings is 10% of the annual value.
Stamp duty is computed based on the consideration payable for the asset transferred or its market value, whichever is higher.
To be stamped and paid within 14 days from date of execution of the relevant document if signed in Singapore, or 30 days from receipt of the document in Singapore, if signed overseas
for all Singapore real estate
for residential property from 27 April 2023
(other than a residential Property- Holding Entity (PHE))
0.2% - Higher of purchase price or market value of the shares
Additional Conveyance Duties apply for acquisition (41% to 44%) and disposal (12%) of equity interest of PHE.
A handy guide of Singapore Tax facts, to keep you up to date of the tax rates and conditions.
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