What is the ABSD for industrial and commercial properties

In the context of Singapore property and real estate, the Additional Buyer’s Stamp Duty (ABSD) and the Seller’s Stamp Duty (SSD) have specific implications for industrial and commercial properties.

Additional Buyer’s Stamp Duty (ABSD)

ABSD is not typically applicable to industrial and commercial properties in the same way it is to residential properties. However, if you are purchasing a mixed-use development that includes residential components, the ABSD rates may apply to the residential portion.

Seller’s Stamp Duty (SSD)

For industrial properties, the SSD rates apply based on the zoning and permitted use of the property. Here are the key points:

- Zoning Under Master Plan:
- For properties zoned Business 1 (B1), the entire gross floor area is considered industrial.
- For properties zoned Business 2 (B2), the entire gross floor area is also considered industrial.
- For Business Park (BP) zones, 85% of the gross floor area is considered industrial.

- Disposition:
- If you are disposing of a part of an entire building or land zoned for industrial use, the SSD rates will apply to the industrial component of the property disposed of.

In summary, SSD for industrial properties is determined by the zoning under the Master Plan and the proportion of the property that is deemed attributable to an industrial purpose.