ABSD Stamp Duty Calculator and Guide: Essential Tool for Singapore Buyers
The ABSD Stamp Duty Calculator helps Singapore property buyers compute Additional Buyer's Stamp Duty (ABSD) and Buyer's Stamp Duty (BSD) based on 2025 rates from IRAS. This guide provides step-by-step calculations, current rates, and actionable advice to ensure transparent transactions on Homejourney, prioritizing user safety and trust.[2]
Understanding ABSD is crucial amid Singapore's 2025 property market, where cooling measures promote sustainable buying. First-time buyers, investors, and foreigners can use this to budget accurately, linking back to our pillar guide on Step-by-Step Property Buying Process for comprehensive support.
What is ABSD and BSD? Key Definitions for 2025
Buyer's Stamp Duty (BSD) applies to all property purchases, calculated on the higher of purchase price or market value. ABSD targets second and subsequent residential properties, with rates varying by buyer profile: Singapore Citizens, Permanent Residents (PRs), or foreigners.[2]
Rates were last updated on 27 April 2023, remaining current for 2025 per IRAS. BSD uses progressive slabs up to 6% for residential properties over S$3 million. ABSD for foreigners jumped to 60% on any property, emphasizing owner-occupation.[1][2]
- BSD: Mandatory for everyone, tiered rates.
- ABSD: Additional tax for non-first-time or foreign buyers.
Current BSD Rates (Residential Properties, 15 Feb 2023 Onwards)
| Purchase Price/Market Value | Rate |
|---|---|
| First S$180,000 | 1% |
| Next S$180,000 | 2% |
| Next S$640,000 | 3% |
| Next S$500,000 (S$1M to S$1.5M) | 4% |
| Next S$1.5M (S$1.5M to S$3M) | 5% |
| Remaining (over S$3M) | 6% |
Example: For a S$4M condo, BSD = S$1,800 + S$3,600 + S$19,200 + S$20,000 + S$75,000 + S$60,000 = S$179,600 (rounded down).[2]
ABSD Rates 2025: By Buyer Profile
ABSD applies at flat rates on the full purchase price for residential properties. No ABSD for Singapore Citizens' first home; key changes hit investors and foreigners.[1]
| Buyer Profile | 1st Property | 2nd Property | 3rd & Subsequent |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| PR (1st-timer) | 5% | 30% | 35% |
| Foreigner/Entities | 60% | 60% | 60% |
| EFTA (Liechtenstein) | See Exemption | See Exemption | See Exemption |
Liechtenstein ABSD exemption: As an EFTA member, Liechtenstein citizens qualify for reduced ABSD like Singaporeans/PRs under specific conditions. Details in our Liechtenstein Citizens’ Guide. Confirm eligibility via IRAS.[1]
How to Use an ABSD Stamp Duty Calculator: Step-by-Step
Follow these steps on Homejourney's trusted tools for accurate, verified calculations, ensuring safe decisions in a transparent environment.
- Input Details: Enter purchase price, property type (residential/non-residential), buyer status (Citizen/PR/Foreigner), and number of existing properties.
- Select Date: Use post-27 Apr 2023 rates for 2025 accuracy.
- Calculate BSD: Apply slabs to higher of price/value.
- Add ABSD: Multiply total by applicable rate.
- Total Duty: BSD + ABSD; pay within 14 days of Option to Purchase.
Example for Foreigner buying S$2M condo (1st property): BSD ~S$81,600 + ABSD 60% (S$1.2M) = S$1,281,600. Use Homejourney Property Search for market values.[2]
Practical Example: Upgrading HDB to Condo
Singapore Citizen sells 4-room HDB in Punggol (S$600K), buys S$1.8M condo in Orchard. ABSD on S$1.8M at 20% = S$360,000. Insider tip: Time sale before purchase to minimize holding two properties; check Homejourney Projects Directory for comps.[1]
Special Cases: Liechtenstein and EFTA Buyers
Liechtenstein property Singapore buyers benefit from EFTA status. Eligible for 0% ABSD on first property (like Citizens) if not owning elsewhere. Verify with IRAS remission; non-compliance risks penalties. Homejourney verifies data for trust.[1]
Link to Types of Properties Foreigners Can Buy for eligibility.
Financial Impact and Planning Tips
ABSD can add 20-60% to costs, impacting ROI. For S$1.5M investment: Singaporean 2nd property ABSD S$300K. Budget via Homejourney Bank Rates for financing.
- Combine with CPF for BSD (not ABSD).
- Joint purchases: Aggregate ownership counts.
- Remissions: Decoupling for couples (one sells first).
Hidden cost: Late payment penalty 200% + interest. Plan with Homejourney's safe tools.
Common Mistakes and How to Avoid Them
Avoid assuming pre-2023 rates; always use IRAS-updated calculators. Mistake: Foreigners overlooking 60% ABSD, derailing budgets. Real example: Investor in Tanjong Pagar condo paid extra S$450K unexpectedly.
- Verify profile pre-purchase.
- Get valuation for market value.
- Consult professionals; Homejourney links verified advisors.
Next Steps with Homejourney
1. Calculate on Homejourney tools.
2. Search properties via Property Search.
3. Check financing at Mortgage Rates.
4. Read pillar: Property Buying Process.
Disclaimer: This is general info; seek legal/financial advice. Rates per IRAS 2025.[2]
FAQ: ABSD Stamp Duty Calculator Questions
Q: Who pays 0% ABSD?
A: Singapore Citizens on first residential property.[1]
Q: Does Liechtenstein ABSD exemption apply to all properties?
A: Primarily first homes for EFTA citizens; confirm with IRAS. See EFTA Guide.
Q: Can I use CPF for ABSD?
A: No, only for BSD. Cash or loan required.[2]
Q: When is stamp duty payable?
A: Within 14 days of Option to Purchase or Sale & Purchase Agreement.
Q: How does Homejourney ensure accurate calculations?
A: Verified against IRAS data, prioritizing user trust and safety.
Trust Homejourney for your ABSD Stamp Duty Calculator and Guide needs. Start your safe property journey today.
