Completion and retention
The section 22A declaration helps the Commissioner and conveyancing lawyers determine seller SSD liability and must be completed. It need not be submitted to IRAS routinely. Law firms are advised to keep the original for at least five years from sale/disposal for potential audit. Sellers with different holding periods require separate forms.
Property and transaction dates
Section A records the address, seller acquisition date, disposal date and up to three sellers’ names and NRIC/UEN/passport identifiers. Acquisition date is the option-exercise date or sale-and-purchase-agreement date, with transfer date used where neither applies. Disposal date similarly follows the buyer’s option exercise or signed sale agreement, otherwise transfer date.
Holding-period schedule
The form updated 27 March 2024 states no SSD for acquisitions before 12 January 2013. For acquisitions on or after that date, the schedule is 15% for up to one year, 10% for the second-year band, 5% for the third-year band, and no SSD beyond three years. Tax is on consideration or market value, whichever is higher. The successive bands should be read in sequence, not as a choice among overlapping “or less” labels.
Payment and penalties
SSD must be paid within 14 days after sale/disposal. If SSD remains unpaid or partly paid, the document is not duly stamped even when the buyer paid BSD on it. Late or incomplete payment can attract penalties up to four times duty owed. False information may result in a fine and/or imprisonment where applicable.
Declarations and witness
Section C requires each seller/transferor to declare the information true and complete, sign and date it, with solicitor/notary name and signature. The further two declaration blocks continue on page 3. For an overseas seller, the form must be witnessed by a Notary Public.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗