iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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IRAS stamp duty is a government levy applied on legal documents related to property and shares. Commonly, stamp duty applies to property purchases, leases, and share transfers.

For property buyers, the rate depends on the purchase price or market value. 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, more info 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 stamp duty rules is essential.