iras stamp duty​ 4.4 34

IRAS stamp duty is a government levy applied on legal documents related to property and shares. This tax is relevant mainly for real estate transactions and transfer of ownership.

Additional Buyer’s Stamp Duty (ABSD) may apply to certain groups such as foreigners or companies. Stamp duty must be paid get more info within a specific period after the document is executed, usually within 14 days.

Resources include step-by-step instructions and examples for different scenarios. Exemptions and reliefs may be available under certain conditions, such as for first-time homebuyers or specific property types.

Proper knowledge helps avoid legal issues and unexpected costs..

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