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If a property owner passes away and their children inherit the property, is Seller’s Stamp Duty (SSD) payable if the children sell the property immediately?

Updated by IRAS

For properties acquired pursuant to inheritance, the date of acquisition for SSD purposes will be based on the date the property was first acquired by the deceased. If the holding period had already elapsed on the date of sale of the property, no SSD is payable.

You may refer to Seller's Stamp Duty (SSD) for more information on SSD and its stipulated holding period.

Topics:

Stamp DutySeller's Stamp Duty

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