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Singapore Budget 2018: Top marginal buyer's stamp duty for residential properties up to 4% from 3%
THE government will raise the top marginal buyer's stamp duty rates for residential properties from 3 per cent to 4 per cent, Finance Minister Heng Swee Keat said on Monday.
The new top marginal rate of 4 per cent will apply to a portion of residential property value which is more than S$1 million. The change will apply to all residential properties acquired from tomorrow.
The move is meant to ensure that Singapore's tax system is more progressive, said Mr Heng.
For more Budget 2018 stories visit bt.sg/budget18