iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

Blog Article

Stamp duty in Singapore by IRAS is a government levy applied on legal documents related to property and shares. Stamp duty affects buyers and sellers involved in property deals.

For property buyers, the rate depends on the purchase price or market value. Stamp duty must be paid within a specific period after the document is executed, usually within 14 days.

IRAS provides detailed guidelines and calculators online to help taxpayers determine the correct stamp duty amount. Some transactions qualify for reduced rates or exemptions based on eligibility criteria.

Overall, understanding IRAS stamp duty requirements is crucial for anyone involved in property or share transactions in Singapore..

Staying informed about stamp duty saves time and prevents check here complications during transactions.