iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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Stamp duty in Singapore by IRAS refers to the tax imposed on certain documents and transactions. This tax is relevant mainly for real estate transactions and transfer of ownership.

The amount of stamp duty varies depending on the type and value of the transaction. Stamp duty must be paid within a specific period after the document is executed, usually within 14 days.

IRAS provides detailed guidelines and calculators online to help taxpayers determine the correct stamp duty amount. Exemptions and reliefs may be available under certain conditions, such as for first-time homebuyers or specific property types.

Timely payment ensures smooth completion of transactions.

If you plan to buy property or transfer shares in Singapore, checking IRAS more info stamp duty rules is essential.