What you need to know more about the Additional Buyer's Stamp Duty

In case you’re still confused, IRAS has clarified information on affected properties in the Fourth Edition of the Guide.

The Inland Revenue Authority of Singapore said:

Only residential properties and lands are to be included. “Residential property” refers to immovable property (or part thereof) which, under the Master Plan, may be used for solely residential purposes or for mixed purposes, one of which is residential.

(a) Existing Buildings and Buildings Under Construction

Where the approved use at the point of purchase is residential, ABSD will be payable.

Approved use excludes Temporary Permission granted by the Competent Authorities for change of use.

However, if the property purchased is the entire non-residential development on land which permits residential development, its liability for ABSD will be determined in the same manner as vacant land. However, remission may be considered on a case-by-case basis where it is equitable.

(b) Vacant Land

If the zoning under the Master Plan is ‘Residential’, or ‘Residential with Commercial at First Storey’, or ‘Commercial & Residential’, or ‘Residential/Institution’ or ‘White’; ABSD will be payable on the residential property component only.

View the complete Guide here.