Back to home

If I am a US Citizen purchasing my first residential property in Singapore, will I incur Additional Buyer’s Stamp Duty (ABSD)?

Updated by IRAS 24 found this helpful

For foreigners purchasing a property in Singapore, ABSD at the applicable rate will be payable.


Under the Free Trade Agreement ABSD Remission, as a US Citizen, you will receive the same Stamp Duty treatment as Singapore Citizens.


If this purchase is your first residential property, you will not incur ABSD. The ABSD rate for the purchase of subsequent residential properties will be based on the applicable rates for Singapore Citizens.

Topics:

Stamp DutyAdditional Buyer's Stamp Duty (ABSD)

Related questions

I am a US Citizen who is also a Singapore Permanent Resident (SPR). If I am to purchase a residential property, is Additional Buyer's Stamp Duty (ABSD) payable at SPR rate or Foreigner rate?

iras
5

Do we need to pay Additional Buyer's Stamp (ABSD) when buying our first home in Singapore if I'm a Singapore PR and my wife is a US citizen?

iras
2

I'm a Singaporean, intending to jointly purchase a condo with my husband who is a US Citizen.

iras
1

If a US citizen acquires property in Singapore under the FTA agreement and later renounces US citizenship before selling it, what are the stamp duty implications for the sale?

iras

Need more help?

Describe your issues to us.

Contact us