ABSD Stamp Duty Calculator and Guide: 2026 Rates Explained
The ABSD Stamp Duty Calculator and Guide for 2026 helps Singapore property buyers compute Additional Buyer's Stamp Duty (ABSD) and Buyer's Stamp Duty (BSD) precisely using current IRAS rates. ABSD rates reach up to 60% for foreigners, significantly impacting budgets, so accurate calculation is crucial for confident decisions.[1][2] Homejourney prioritizes transparency by verifying all rates from official IRAS sources, ensuring user safety in a trusted environment.[1][2]
This cluster focuses on tactical ABSD calculations, linking back to our pillar guide on Singapore Property Buying Process for Foreigners. Use this for quick, actionable insights whether you're a first-time buyer or European investor eyeing condos in Tanjong Pagar.[1][2]
2026 ABSD Rates by Buyer Profile
ABSD applies on top of BSD and is based on your residential status, counting all global properties owned. Confirm your profile via IRAS before purchase—citizens buying a second home after selling an HDB face 17% ABSD.[1][2] Foreigners, including European buyers Singapore from Germany, France, or Italy, pay 60% on their first residential property.[1][2]
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Properties |
|---|---|---|---|
| Singapore Citizen | 0% | 17% | 25% |
| Singapore PR | 5% | 25% | 30% |
| Foreigner (EU citizen property, e.g., Germany France Italy) | 60% | 65% | 65% |
| Entity (Company/Trust) | 25% | 30% | 30% |
Source: IRAS 2026 rates verified by Homejourney.[1][2][3] Note: EU citizen property buyers from non-EFTA countries like Germany, France, Italy follow foreigner rates. See our European Citizens Buying Property in Singapore Guide for details.[1]
Step-by-Step ABSD Stamp Duty Calculator Process
Follow these steps for precise calculations using the higher of purchase price or IRAS valuation. Homejourney recommends using official IRAS tools alongside our verified guide for safety.[2][4]
- Verify Buyer Profile: Contact IRAS to confirm status. Misclassification leads to penalties.[2]
- Determine Valuation: ABSD uses higher of price or IRAS market value, e.g., S$1.8M price but S$2M valuation uses S$2M base.[1][2]
- Calculate BSD: Tiered rates: 1% (first S$180K), 2% (next S$180K), 3% (next S$640K), 4% (next S$500K), 5% (next S$1.5M), 6% (above S$3M). For S$2M: ~S$92,200.[1][3]
- Apply ABSD: Valuation × your rate, e.g., foreigner on S$2M: S$1.2M (60%).[1][2]
- Total Duty: BSD + ABSD, payable within 14 days of Option to Purchase (OTP) via IRAS e-Stamping.[1][2]
Quick BSD formula under S$1M: (0.03 × value) – S$5,400.[1][3]
Real Example: European Buyer Singapore Condo
A German national (Germany France Italy profile) buys a S$2M condo near Tanjong Pagar MRT (Exit E, 2-min walk). BSD: S$92,200. ABSD: S$1.2M (60%). Total: S$1,292,200. This high cost deters casual buys but attracts serious Europe Singapore property investors.[1][2] Check financing via Homejourney bank rates and projects in projects directory.[1]
Practical Examples for Key Buyer Types
- First-Time Singapore Citizen (HDB S$800K resale): BSD S$18,600, ABSD 0%. Total: S$18,600. Ideal for HDB upgraders.[1]
- SPR Second Property (S$900K): BSD ~S$30,600 + ABSD S$225,000 (25%). Total: S$255,600.[1][2]
- Foreigner First Property (S$1.5M): BSD ~S$55,600 + ABSD S$900,000 (60%). Total: ~S$955,600. See Types of Properties Foreigners Can Buy.[1][2]
- Citizen Upgrading to Condo (S$1.5M second property): BSD ~S$55,600 + ABSD S$255,000 (17%). Total: S$310,600.[1]
These examples use 2026 rates; always verify with IRAS as policies evolve.[2][3] Homejourney's verified data ensures trustworthy budgeting.[1]
Common Mistakes and Insider Tips
Avoid undervaluing properties—IRAS uses market valuation, inflating ABSD. Real case: Buyers negotiating S$1.8M but valued at S$2M paid extra S$120,000 ABSD at 60%.[1][2] Insider tip: Time sales of existing properties before new OTP to reset citizen count, but consult lawyers.[2]
Foreigners overlook global property counts; owning a home in Europe triggers higher rates for European buyer Singapore.[1] Use Homejourney's property search for verified listings to plan accurately. Disclaimer: This guide informs; seek professional advice for your situation.[1][2]
Financial Considerations and Next Steps
ABSD isn't CPF-eligible; budget cash. Pair with LTV limits (foreigners 75%) and TDSR/MSR checks via Homejourney mortgage rates.[1] Post-purchase, maintain with aircon services.[1]
Action steps: 1) Use IRAS calculator[4]. 2) Verify profile. 3) Budget total duty. 4) Explore Financing for Foreign Buyers. Homejourney builds trust through verified insights.[1][2]
FAQ: ABSD Stamp Duty Calculator and Guide
Q1: How much ABSD for a first-time EU citizen property buyer on S$1.5M condo?
A: 60% ABSD = S$900,000 + BSD ~S$55,600. Total ~S$955,600. Rates for Germany, France, Italy buyers.[1][2]
Q2: Can Singapore Citizens avoid 17% ABSD on second property?
A: Sell first property before new OTP completion; timing critical. Verify with IRAS.[1][2]
Q3: What's the total stamp duty for foreigner S$2M property?
A: BSD S$92,200 + ABSD S$1.2M = S$1,292,200. Pay within 14 days.[1][3]
Q4: Does ABSD apply to HDB for foreigners?
A: No, foreigners can't buy resale HDB except under schemes; condos/landed apply 60%.[2]
Q5: Where to calculate officially?
A: IRAS myTax Portal[4]. Homejourney verifies for user safety.
Ready to buy safely? Start with Homejourney's property search and link back to our pillar on Foreigner Property Buying Process. Trust Homejourney for verified, transparent property journeys.
