If I sign a tenancy agreement with a landlord for room rental, do I need to pay for stamp duty?

Updated by IRAS 2y ago

8 found this helpful

Stamp duty is a tax on documents (physical or electronic) relating to immovable properties, stocks, and shares.

Therefore, if a tenancy agreement is executed for room rental, stamping will be required for the relevant document, and lease duty is payable.

Lease duty is computed based on the contractual rent or market rent, whichever is higher, at a rate of 0.4%.

Topics:

Stamp Duty Lease Duty

Related questions

Do I need to stamp if I am only renting out a room to a friend or family member? There is no tenancy agreement, just verbal agreement.

If I had extended the tenancy period, do I need to stamp on the extension? And how is the stamp duty computed?

Is stamp duty payable for the renewal of a tenancy agreement if there is no change in rental fees?

If stamp duty has been paid on a tenancy agreement for the whole property, is stamping still required when subleasing one of the rooms?

Need more help?

Describe your issues to us.