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Is there SSD for industrial en bloc units?
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You: Definitely. Yes, there is Seller's Stamp Duty (SSD) for industrial en bloc units if they were acquired on or after 12 January 2013 and sold within the holding period (up to 3 years), at rates of 15% (up to 1 year), 10% (1-2 years), or 5% (2-3 years) on the higher of sale price or market value.
Key details for en bloc context:
- Applies to strata industrial units, factories, warehouses, or land zoned B1/B2/Business Park sold prematurely via collective sale.
- In en bloc proceeds distribution, individual owners pay SSD based on their unit's acquisition date and holding period from the collective sale date.
- Exemptions include JTC Enbloc Redevelopment Scheme, Selective Buyback, developer sales of constructed properties, or compulsory acquisitions.
- Applies to strata industrial units, factories, warehouses, or land zoned B1/B2/Business Park sold prematurely via collective sale.
- In en bloc proceeds distribution, individual owners pay SSD based on their unit's acquisition date and holding period from the collective sale date.
- Exemptions include JTC Enbloc Redevelopment Scheme, Selective Buyback, developer sales of constructed properties, or compulsory acquisitions.
Check EdgeProp Singapore for industrial en bloc listings and IRAS calculators to compute potential SSD liability.
Thank you for reaching out to EdgeProp Buddy. For detailed insights, it's always a good idea to consult with a real estate professional on topics like this.