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.

Stamping is not required, and stamp duty is not payable if there is a Novation agreement, provided that:

1. The incoming tenant takes over the remaining lease period from the outgoing tenant, with no change in the lease terms and monthly rent.

2. There is no consideration between the parties.

If there is a document executed to extend the lease, stamp duty is payable based on the extended lease period. The lease duty rate is 0.4%.

You can stamp the document at myTaxPortal, click on "Stamp Duty" and under "Stamping" > "Lease/Tenancy" > select "Variation of Lease" under the Nature of Transaction.

Stamp Duty is a tax on document (physical or electronic).

If the tenancy agreement was executed via electronic modes such as WhatsApp, email, websites, or SMS, stamping is still required, and stamp duty is payable.

However, if the rental arrangement is through verbal agreement only, stamping is not required, and Stamp Duty is not payable.

As HDB’s rules require buyers to dispose of their private properties within 6 months of the resale flat purchase, ABSD remission will be given upfront to purchasers of HDB flats. Hence you would not need to pay ABSD when you purchase the flat.

Refunds may be allowed on rescinded or cancelled documents which have not been ""made use of"" if all the conditions are met under the Terminated Lease Remission.

Application for refund under this remission has to be made within 6 months from the date of termination. If approved, Lease Duty in excess of $50 will be refunded to the party liable, i.e. the tenant/lessee.

ABSD remission under the Free Trade Agreement will apply if the individual is a citizen of the United States of America (US). He/She will receive the same Stamp Duty treatment as Singapore Citizens.

Therefore, if an individual who is a US citizen jointly purchases a residential property with his/her spouse, the ABSD Spouses Remission may be applicable. ABSD will be remitted if all conditions are met, and they do not own any other residential property.

If there is an increase in rental, you are required to stamp the document under "Variation of Lease" and Stamp Duty is payable based on the difference in rent amount.

Stamp Duty must be paid within 14 days after signing a Contract or Agreement. If the document is signed overseas, payment is due within 30 days after its receipt in Singapore.

A document is only considered duly stamped when full payment is made. A penalty of up to 4 times of the duty payable may be imposed for late payment.

You may refer to IRAS website for the Parties Liable for stamp duty.

If there is a decrease in rental or the lease period is shortened, stamping of the document is not required as Stamp Duty is not payable. There will not be any refund of Lease Duty paid previously.

Please stamp your tenancy agreement using the e-Stamping Portal. You may refer to the detailed guide on How to stamp Lease or Tenancy Agreements.

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%.

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

For the purchase of a residential property, ABSD may be payable. However, the ABSD will be computed at the rate applicable to Singapore Citizens rather than the rate for SPRs.

Stamp duty is not payable on the transfer of property through an assent to the beneficiaries in accordance to the Will, Intestate Succession Act, or Muslim Law of Inheritance. Therefore, Additional Buyer's Stamp Duty (ABSD) is not applicable to the inherited property.

However, the inherited residential property will be included in the property count when determining the ABSD rate for any subsequent residential property purchase.

To amend the lease start date of the tenancy period, please provide a copy of the Tenancy Agreement for our review by following these steps:

1. Log in to myTax Portal under "Stamp Duty".

2. Click on "Inbox" and select "Compose Mail".

3. Input the Document Reference No. before proceeding with your request for amendment.

You do not need to submit a new stamping or revise the stamping record done previously if the lease period has not commenced, and you bring forward or defer the lease without changes in lease term and gross rent.