In Singapore, the data on the number of people paying Additional Buyer's Stamp Duty (ABSD) on two or more properties is not publicly broken down in a way that provides a specific count of individuals paying ABSD multiple times. However, here are some key points that can provide some context:
- ABSD is levied on individuals and entities based on their profile and the number of residential properties they own. For example, Singapore Citizens paying ABSD on their second or subsequent property purchases, Singapore Permanent Residents on their first property purchase, and foreigners on any property purchase.
- The Inland Revenue Authority of Singapore (IRAS) collects and manages the data related to stamp duties, including ABSD. While IRAS provides general statistics on stamp duty collections, it does not release detailed data on the number of individuals paying ABSD multiple times.
- The ABSD rates and exemptions are well-defined, and buyers are required to declare their property ownership status when purchasing a new property. This information is used to determine the applicable ABSD rate, but the aggregate data on multiple payments by individual buyers is not made publicly available.
For detailed insights into property transactions and stamp duty payments, you can refer to the annual reports and statistical releases from IRAS, but these will not provide a specific count of individuals paying ABSD on multiple properties.
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