Property Selling Tip #4: Seller Stamp Duty

At the time of this writing, a Seller Stamp Duty (SSD) is applicable for the below situations:

(1) If you property is bought between 30 August 2010 to 12 January 2011, the following SSD applies:

• 3% of price or market value if the property is sold within the first year.
• 2% of price or market value if the property is sold within the second year.
• 1% of price or market value if the property is sold within the third year.
• No SSD when the property is sold after a holding period of three years.

(2) If your property is bought on or after 13 January 2011, the following SSD applies:

• 16% of price or market value if the property is sold within the first year.
• 12% of price or market value if the property is sold within the second year.
• 8% of price or market value if the property is sold within the third year.
• 4% of price or market value if the property is sold within the fourth year.
• No SSD when the property is sold after a holding period of four years.

By Eileen Tan and Ui Wei Teck, property investors and authors of Enjoying Mid-Life Without Crisis. This tip and dozens more are from their book.