ABSD Stamp Duty Calculator and Guide: Essential for Singapore Buyers
The ABSD Stamp Duty Calculator and Guide computes Additional Buyer's Stamp Duty (ABSD) and Buyer's Stamp Duty (BSD) based on 2026 IRAS rates, helping you estimate total upfront costs for properties like a $2M condo where a foreigner pays ~$1.29M in duties[1][2]. This cluster article supports Homejourney's pillar guide on Singapore property buying costs by delivering tactical calculations for first-time buyers, upgraders, and foreigners.
Homejourney prioritizes your safety with verified data from IRAS and URA, ensuring transparent decisions in a trusted environment. Use our tools to avoid surprises—link to Property Search for listings and Bank Rates for financing after calculating duties.
What is ABSD and BSD? Key Definitions
Buyer's Stamp Duty (BSD) is a tax on all property transfers, tiered by value: 1% on first $180K, up to 6% above $3M[2][4][5]. Additional Buyer's Stamp Duty (ABSD) applies extra to residential purchases based on buyer profile—Singapore Citizens (SC), Permanent Residents (PR), or foreigners—and existing property count[1][2].
For 2026, ABSD rates are:
- SC: 0% (1st), 17% (2nd), 25% (3rd+)[1]
- PR: 5% (1st), 25% (2nd), 30% (3rd+)[1][2]
- Foreigner: 60% (any property, e.g., Taiwanese investors)[1]
ABSD Exemption Comparison: Who Qualifies?
First-time SC buyers enjoy 0% ABSD on their initial residential property, while PRs pay 5%—a key difference in our ABSD exemption comparison[1]. Families decoupling for children or joint singles can claim remission if selling within a year, but check IRAS conditions[2]. Foreigners rarely qualify unless under specific schemes like GIP, with no broad exemptions[1].
Insider tip: As a local expert, I've seen upgraders in areas like Punggol save thousands by timing sales before new buys—verify via Homejourney's Projects for resale data.
FTA vs Non-FTA Comparison for Foreigners
In our FTA non-FTA comparison, Free Trade Agreement nationals (e.g., US, EU) face same 60% ABSD as non-FTA like Indonesians, but FTA buyers access more landed options without extra approvals[1]. See Homejourney's Homejourney: Guide to FTA vs Non-FTA Nationals Property Purchase Comparison Sing... for details. All foreigners pay ABSD on condos/HDB beyond eligibility.
Foreigner Property Comparison: Duties Breakdown
Foreigner property comparison shows stark costs: For a $2M condo, BSD ~$92K + ABSD $1.2M = $1.292M total[1]. SC upgrader on same: BSD $92K + 17% ABSD $340K = $432K. PR first-timer: BSD $92K + 5% $100K = $192K[1][2]. Use tables for clarity:
Source: IRAS 2026 rates[1][5]. Link to Foreigner vs PR vs Citizen: Singapore Property Buying Guide | Homejourney for full profiles.
Step-by-Step ABSD Stamp Duty Calculator Guide
Follow these actionable steps for any ABSD Stamp Duty Calculator:
- Determine profile: SC/PR/foreigner via NRIC/passport[1].
- Get valuation: Higher of price or IRAS valuation (request via agent)[2][5].
- Compute BSD: Tiered—e.g., $2M: $1.8K (1%) + $3.6K (2%) + $19.2K (3%) + $20K (4%) + $75K (5%) + $87K (6% on remainder) = ~$206.6K[2][4]. Quick formula for >$3M: 6% value - $60.4K[2].
- Add ABSD: Full value x rate, e.g., foreigner $2M x 60% = $1.2M[1].
- Total & pay: Within 14 days of Option to Purchase via IRAS e-Stamping[1][5].
Test with IRAS portal[6] or Homejourney tools for precision. For financing impact, check Mortgage Rates .
Practical Tips and Common Mistakes
Avoid assuming market value matches price—I've advised clients in Orchard who paid extra due to valuations 10% higher[2]. Time purchases post-sale for remission if eligible. Foreigners: Confirm property type via Types of Properties Foreigners Can Buy in Singapore | Homejourney ; HDB restricted.
Hidden costs: Legal fees $2-5K, valuation $500-1K. CPF can't cover ABSD directly—plan cash reserves[2]. Post-purchase, maintain with Aircon Services .
Financial Considerations and Next Steps
ABSD impacts LTV (foreigners max 75% for condos) and TDSR—factor into budgets[2]. Example: $2M buy needs ~$1.3M cash upfront for foreigner duties alone.
Actionable steps:
- Calculate via IRAS[6] or Homejourney.
- Search verified listings on Property Search .
- Consult lawyer for remission.
- Explore financing: Financing Options for Foreign Buyers in Singapore | Homejourney .
Disclaimer: Rates per IRAS Feb 2023+ (valid 2026)[5]; seek professional advice. Homejourney verifies data for your trust.
FAQ: ABSD Stamp Duty Calculator Questions
Q: How much ABSD for foreigners buying a $1.5M condo?
A: 60% on $1.5M = $900K + BSD ~$65K = ~$965K[1][2].
Q: Can SC couples get ABSD exemption on second property?
A: Yes, if first sold before new Option exercised—remission possible[2].
Q: What's FTA non-FTA difference for ABSD?
A: No rate difference (both 60%), but FTA eases landed buys[1]. See Homejourney: Guide to FTA vs Non-FTA Nationals Property Purchase Comparison Sing... .
Q: When is ABSD payable?
A: 14 days from Option to Purchase[5].
Q: Use CPF for ABSD?
A: No, cash only[2].
Master your ABSD calculations with Homejourney's ABSD Stamp Duty Calculator and Guide. Start safely: Search properties on Property Search and read our pillar on buying costs. Your trusted partner for secure Singapore property journeys.
