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Good morning Sir/ Mdm,

you will not have to pay ABSD for first residential property as a Singaporean.

SPR is subject to 5% ABSD whereas foreigner is 30%.

IRAS do have some exceptions tho.

If a married spouse consists of a Singaporean along with a SPR or foreigner spouse buying first residential property, there wont be any ABSD payable as IRAS will treat it as their matrimonial home.

https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/additional-buyer's-stamp-duty-(absd)

Or you are a resident from USA or resident or PR from Norway, Switzerland, Iceland and Liechtenstein. You will be accorded the same treatment as Singapore. Do refer to the link below.

https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/foreigners-eligible-for-absd-remission-under-free-trade-agreements-(ftas)

If you are an existing HDB or private property owner thinking to upgrade to a bigger unit, we have to make sure your sale OTP is exercised first before you exercise your purchase OTP if not ABSD will be payable.

Care to share more about your situation so I will be in a better position to advise further?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Association of Chartered Certified Accountants Graduate
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