5 Answers

Note that IRAS website clearly states that lease duty is EXEMPT if the AAR does not exceed $1,000. In your case, $80 X 12 = $960 which is under $1000.

https://www.iras.gov.sg/taxes/stamp-duty/for-property/renting-a-property

For your case in particular however, you may be questioned on whether your rental at $80/ month was specifically set to avoid hitting this threshold.

Note that stamp duty on leases is payable based on the contractual rental or the market rental, whichever is HIGHER, at the Lease Duty rates.

Hope this helps!

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
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Yes, it still needs to be stamped.

All tenancy agreements in Singapore, regardless of the rental amount, are subject to stamp duty under IRAS. The duty is calculated based on the average annual rent, so for $80 a month it’ll be a very small sum, but the stamping is still required for the agreement to be legally valid and enforceable. Read More
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Hi, appreciate your sharing. All document signed must be stamped
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Cheers
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