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BSD and ABSD are computed against Purchase Price or Market Value, whichever is higher (exclude GST) -- does this mean to compute these stamp duties, IRAS need to see the valuation report (I believe these report is only applicable to those taking a bank loan or using CPF right)?

So if the purchase price agreed for an HDB resale flat is 500K, and HDB valuation report says 550K.Should BSD/ABSD computed against 550K? Is this correct?
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1 Answer

Ivan Ng
Replied
Hi Mrs. Ingrid,

Yes BSD and ABSD is calculated based on transacted price or market value, whichever is higher. In your case, 550K.

Valuation report is required if buyer is using CPF or taking hdb/bank loan. Thus most cases will need it.

May I know if you need any assistance? Thanks and hope it clarifies.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More
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