Glossary topic
Taxes & duties
Stamp duties and other taxes on buying, owning and selling property.
ABSD
Additional Buyer's Stamp Duty (ABSD) is a tax that some buyers of residential property in Singapore pay on top of Buyer's Stamp Duty.
AV
Annual value (AV) is IRAS's estimate of the gross yearly rent a property could earn if it were rented out, excluding furniture, furnishings and maintenance fees.
BSD
Buyer's Stamp Duty (BSD) is a tax paid by anyone who buys or acquires property in Singapore.
Property Tax
Property tax is an annual tax on owning property in Singapore, charged by IRAS on the property's annual value (its estimated yearly rent).
SSD
Seller's Stamp Duty (SSD) is a tax on selling a residential property in Singapore within a set period of buying it.
Stamp Duty on Leases
Stamp duty on leases is a tax on tenancy agreements in Singapore.