Buyer’s Stamp Duty (BSD)
Buyer Stamp Duty (BSD) is a tax levied on documents signed when a property is acquired in Singapore. Buyer Stamp Duty is calculated based on your Piermont Grand Price.
Buyers are required to pay BSD for documents executed for the sale and purchase of property located in Singapore. BSD will be computed on the purchase price as stated in the document to be stamped or market value of the property (whichever is the higher amount).
If the benefit is stated in the document to be stamped and is a cash discount (i.e. cash, non-post dated cashier order or cheque) to be given to the purchaser upon execution of the document (and not later), the amount of discount may be deducted from the purchase price to determine what is the amount of consideration for stamp duty purpose. This is provided that the nett price is still reflective of market value.
Do note that Piermont Grand Price is not inclusive of Buyer Stamp Duty (BSD)
IMPT: Additional Buyer Stamp Duty (ABSD) is not applicable for EC purchase. Contact our reps to understand why.
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