Under SG-US FTA, US citizens are exempted from the 60%ABSD. Its about time PAP removed this exemption with USA Trump 10% tariff!!!

[threadfin]

Additional Buyer Stamp Duty

Referencing additional buyer stamp duty table shown in earlier section.

Under normal circumstances, foreign buyer will have to incur a 60% ABSD for any property purchase.

Specifically for US Citizens, you would enjoy the same tax privilege as a Singapore citizen. Additional Buyer Stamp Duty will not be applicable for your first property purchase.





Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs)
www.iras.gov.sg

Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs)​

This webpage explains the ABSD remission for qualifying foreigners under Free Trade Agreements with Singapore. The remission rules ensure that qualifying foreigners receive the same stamp duty treatment as Singapore Citizens. You can find out more about the remission rules on this page and how to apply for this remission.
On this page:

• Conditions for remission
• How to apply

Conditions for remission​

Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

1. Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland
2. Nationals of the United States of America

​

To view the remission rules in detail, please visit Stamp Duties (Free Trade Agreements) (Remission of ABSD) Rules.

How to apply​

You can e-Stamp via the e-Stamping Portal to obtain the remission certificate.
Where a trust instrument is involved
If your stamp duty application involves a trust instrument, follow these steps:

1. Submit a remission application through the e-Stamping Portal under “Request” > “Apply for Assessment/ Appeal”.
2. Specify your application for FTA remission in the online form.
3. Include copies of these supporting documents with your application:

• Copy of the trust instrument
• Copy of the Option to Purchase / Sale and Purchase Agreement (if applicable)

For more information about remission conditions, refer to Remission of ABSD (Trust).

 

[threadfin]

Make Singapore Great Again!

 

[shock888]

PAP no balls to impose the ABSD. Well known of PAP only to bully Sinkies..