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Imposition of Stamp Duty on Sellers for Sale of Residental Property

On Friday, 19 February 2010, the Singapore government has announced that Seller’s Stamp Duty (SSD) will be payable by Sellers of residential properties which are acquired (or purchased) on or after 20 February 2010 and disposed of (or sold) within 1 year from the date of acquisition. For more information or details, please go to IRAS A on the Announcement of the Measures Ensure a Stable and Sustainable Property Market and IRAS B on the full details of the Measures.