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Revisions

Top marginal buyer's stamp duty for residential properties raised to 4%

Singapore Budget

Top marginal buyer's stamp duty for residential properties raised to 4%

The Edge Singapore Published on Mon, Feb 19, 2018 / 6:03 PM GMT+8

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SINGAPORE (Feb 19): In the latest Budget 2018, Finance Minister Heng Swee Keat said that the government will be raising the top marginal buyer's stamp duty (BSD) rates for residential properties to 4% from 3%, and applied on the value of residential property in excess of $1 million.

The increased top marginal rate will apply to a portion of residential property value which is more than $1 million.

The changes will be applied to all residential properties acquired from tomorrow (Feb 20) onwards.

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