Should capital gains tax replace seller’s stamp duty on homes?
Taxing profitable property transactions would be a more equitable way to curb speculation
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] Strong guard rails are in place to help ensure a stable housing market in Singapore. This includes levying seller’s stamp duty (SSD) on transactions of homes which are sold within a specified holding period.
SSD of 1 per cent for the first S$180,000, 2 per cent on the next S$180,000 and 3 per cent on the remainder was applicable to the sale of homes with a holding period of under one year when the duty was first introduced in February 2010.
Today, SSD rates are much higher, and the holding period before a seller can sell a home without attracting SSD is much longer.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
