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2021 Guide for Seller’s Stamp Duty and Other Fees

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Written by: Benjienen Toledo

Time to sell your HDB flat?

You might be wondering what the costs and fees that you need to take into account when you sell your HDB flat. These are:

  1. Resale application administrative fees
  2. Legal fees
  3. Property tax
  4. Service & Conservancy Charges
  5. Seller’s Stamp Duty

Resale Application Administrative Fees

For the submission of the resale application, both the buyer and seller will each pay an administrative fee of $40 for 1 and 2-room flats or $80 for 3-room and bigger flats. These fees paid are non-refundable and include GST.

Legal fees

You can either engage HDB’s solicitor to act for you in the sale, or engage your own solicitor, they will advise you on the fees.

Do you have an existing bank loan? Ohmyhome HDB Sellers Package from $4,688 nett provides Agent, Legal and Mortgage Services for HDB Sellers. Legal Service includes conveyancing & CPF redemption for sale for sellers with existing bank loan.

Property tax

As the seller, you need to pay the flat’s property tax up to the end of the year. You need to submit the official tax payment receipt to the HDB at your flat sale completion appointment. This HDB completion appointment happens after 8 weeks from the date of HDB’s Acceptance of the resale application if the necessary documents are submitted accurately and promptly.


Related: One HDB Appointment, Shorter Transaction Time.


Service & Conservancy Charges

Your Service & Conservancy Charges are to be paid up to the completion appointment date. You need to submit the receipt for this payment to the HDB at your flat sale completion appointment.

Seller’s Stamp Duty

Most HDB flat owners would not have to pay the Seller’s Stamp Duty (SSD) when they sell their flats as they would have met the Minimum Occupation Period (MOP) before they do so.

However, those who have recently become the flat owners by way of transfer may be affected by it.

You are liable to pay for the SSD if:

  1. Type of property– You are selling a residential property
  2. The Date of Purchase or Acquisition
    • The residential property is purchased on or after 20 Feb 2010, SSD is payable if it is sold within the holding period.
    • You sell/ dispose of the property which you previously acquired via the following manner: a) Transfer pursuant to divorce on the Marriage Date or the date of original purchase of property, whichever is later. b) Transfer pursuant to inheritance on the date of original purchase by the deceased. c) Transfer of HDB Flat within Family on the earliest date of acquisition of the flat by any of the existing owners, and who continually holds an interest in the flat from the time of acquisition to disposal.
    • For non-residential property that is re-zoned to residential or the permitted use is changed to residential, the date of acquisition of the property will be the date of rezoning or the change of use.
  3. The Date of Sale or Disposal– this refers to:
    • Date of execution of Option to Purchase by the buyer to the seller’s offer to sell
    • Date of Sale & Purchase Agreement signed by the seller and buyer
    • Date of transfer where the Date of execution of Option to Purchase and Date of Sale & Purchase Agreement are not applicable

What are the Rates Applicable?

SSD rates vary depending on the date of purchase.

Purchased between 20 Feb 2010 and 29 Aug 2010 (all inclusive)

If you hold the property for a year or less:

Amount SSD
On the first $180k 1%
On the second $180k 2%
Thereafter 3%

After a year of ownership, no SSD is payable.


Purchased between 30 Aug 2010 and 13 Jan 2011 (all inclusive)

If you hold the property for a year or less, the SSD is 1% on first $180,000, 2% on next $180,000 then 3% on remainder.

If you hold the property for more than 1 year and up to 2 years, the SSD payable is lower:

Amount SSD
On the first $180k 0.67%
On the second $180k 1.33%
Thereafter 2%

If you hold the property for more than 2 years and up to 3 years, the SSD is even lower:

Amount SSD
On the first $180k 0.33%
On the second $180k 0.67%
Thereafter 1%

If you hold the property for more than 3 years, no SSD is payable.


Purchased between 14 Jan 2011 and 10 Mar 2017 (all inclusive):

Holding Period SSD
A year or less 16%
More than 1 year and up to 2 years 12%
More than 2 years and up to 3 years 8%
More than 3 years and up to 4 years 4%
More than 4 years 0%

Purchased on and after 11 Mar 2017:

Holding Period SSD
A year or less 12%
More than 1 year and up to 2 years 8%
More than 2 years and up to 3 years 4%
More than 3 years 0%

In summary, the shorter the holding period, the higher the SSD that you need to pay.

Planning to sell your home? Ohmyhome’s experienced salespersons will assist you with your timeline and financial planning.

Learn more about our HDB Resale Agent Service that garnered thousands of 5-star client reviews.

Sources:
HDB, IRAS


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While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information. The Information may change without notice and Ohmyhome is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.

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