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 | | STAMP DUTY | | | Stamp duty is a tax on documents relating to the purchase of a property. It is paid by the buyer within 14 days from the date of signing of the Sale & Purchase Agreement. The computation is as follows: | | | Payment Schedule | % of stamp duty | | On the first S$180,000 | 1% | | | On the 2nd S$180,000 | 2% | | | Thereafter | 3% |
| | | For example: | | Purchase Price of property - S$1,200,000 | | | Stamp Duty: S$30,600 | | | A commonly used formula is 3% of purchase price minus S$5,400. |
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