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I have recently rented an apartment and my agent has handed over the signed agreement on a plain white paper to me already. Now he is asking for stamp duty, I don't understand why do I need to pay for stamp duty and how is it calculated. Please help
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2 Answers

James Lim Yuan Sheng
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In the LOI and the TA will state that tenant has to pay stamp duty.
This is common practice in Singapore.
You can refer to IRAs website here:
http://www.iras.gov.sg/irashome/page04.aspx?id=2132 Read More
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Geryl Lim
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Dear Tenant,

It is a usual practise for tenants to be paying the stamp duty and it is calculated as 0.4% of the total rent amount payable.

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