The tax follows the zoning
| Zoning | Residential, for stamp duty | Foreign buyer |
|---|---|---|
| Commercial, Hotel | None: no ABSD; non-residential BSD; no SSD | No approval, if no storey is approved as a home |
| Commercial & Residential | 60% of the floor area | Approval needed (LDAU) |
| Residential with Commercial at 1st Storey | All but the commercial floor area | Approval needed |
| Residential, White | All of it | Approval needed |
Worked: S$10 million, three zonings
| Commercial | Commercial & Residential | Residential | |
|---|---|---|---|
| Residential part | S$0 | S$6m | S$10m |
| ABSD, foreigner at 60% | S$0 | S$3.6m | S$6.0m |
| ABSD, company at 65% | S$0 | S$3.9m | S$6.5m |
| ABSD, citizen's second property at 20% | S$0 | S$1.2m | S$2.0m |
| Buyer's stamp duty | S$469,600 | S$469,200 | S$539,600 |
An illustration: on a real purchase the lawyer confirms how the price is split.
Property tax
On an annual value of S$180,000, a commercial shophouse pays a flat 10%: S$18,000 a year. A home, by contrast, pays progressive rates that depend on whether the owner lives in it.
Work out the buyer's stamp duty on the non-residential part with the stamp duty calculator.
Sources
- IRAS, buyer's stamp duty: iras.gov.sg(bsd)
- IRAS, additional buyer's stamp duty: iras.gov.sg
- IRAS, property tax rates: iras.gov.sg
- SLA, foreign ownership of property: sla.gov.sg