Calculate Stamp Duty Payable for Renting Residential Property - Condo, HDB, Landed: Singapore Property Market Outlook

Blog Visitors' Comments
Condo Search's comment..
I just drop by to say "thank you" for your excellent blog, and safe me from committing at a high price and wrong time buying. It helps me a small property hunter(with hard earning money) and others(i believed)a better inform. Thank you again...

Young Buyer's comment...
I've just graduated and started working, and I hope to own a residential property in Singapore after 2010/2011. So I'm starting to do my Singapore property research now. I have never come across such a comprehensive coverage on the Singapore property market, and I thank you for enlightening readers like me who want to know more :) Keep up the good work!

Honest's comment...
Your blog has provided a honest information on the local property scene.

Young Expat's comment...
i am an overseas expat who moved to singapore a year ago and started looking out recently for property to buy as rentals started to rise all around me..i was advised to follow ur forum and since then have been impressed with all the wonderful tips exchanged in this portal..thanks to all the contributors.
(Smart Buyer, the blogger here, would like to say many thanks to all these unsung heroes too)

Red's comment...
I think your reply give a rational explanation on my question. You are indeed a smart buyer and very knowledgeable.

Anonymous's comment...
Whoever you are, thanks for the public service by starting this blog. Great Info!!!

Kate's comment...
This is a great blog filled with latest news, historical insights and good opinions that gives direction. Not the sitting on the fence type of 'pc' opinions. I love this blog. Please keep up the good work! You are really doing Singaporeans a big favour! Thank you!! I will keep on reading.

Phantasia's comment ...
Hi smart buyer, Just wanna say thanks for your response to my query earlier in another post. And also for the very informative blog! Have learnt much from your postings! Thanks for sharing.

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Saturday, May 10, 2008

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Calculate Stamp Duty Payable for Renting Residential Property - Condo, HDB, Landed

Stamp Duty payable for renting a property (commonly paid by tenant in Singapore ) is applicable only where total annual rent exceeds $1,000.

Stamp Duty payable is dependant on the period of the lease term:
For Lease term not exceeding 1 year - $1 for every $250 or part thereof of annual rent

For Lease term exceeding 1 year but not exceeding 3 years - $2 for every $250 or part thereof of annual rent

for Lease term exceeding 3 years - $4 for every $250 or part thereof of annual rent

Example:
Monthly rent = $2000, Lease term = 2 years
Annual rent = $2000 x 12 months = $24,000
Stamp Duty = ($24,000/$250) x $2 = 96 x $2 = $192

May also want to read:
Singapore Rental Market Outlook
How to Calculate Rental Yield for Singapore Property
How to Calculate Property Tax for Singapore Property
Inland Revenue Authority of Singapore(IRAS): Stamp Duty Calculator
Singapore Property History

For Prudent Investors & Home Buyers

Saturday, May 10, 2008

Calculate Stamp Duty Payable for Renting Residential Property - Condo, HDB, Landed

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