Current progressive bands
For acquisitions from 15 February 2023, both property categories use 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000 and 4% on the next S$500,000. Residential property then uses 5% on the next S$1.5 million and 6% above S$3 million; non-residential property uses 5% above S$1.5 million. Round duty down to a whole dollar, minimum S$1.
Acquisition and valuation issues
Gifts and changes in beneficial ownership can be dutiable even without a sale price. Linked block purchases may be assessed on aggregate value. Only qualifying cash discounts stated in the instrument and delivered on execution can reduce consideration; non-cash benefits do not. Residential land intended for non-residential development may qualify for conditional remission, with documentary and later-use obligations.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official source ↗