For a local company (treated as an entity) buying a residential property, the standard Buyer’s Stamp Duty (BSD) for residential properties applies:
• First $180,000: 1%
• Next $180,000: 2%
• Next $640,000: 3%
• Next $500,000: 4%
• Next $1,500,000: 5%
• Remaining amount: 6%
Additionally, entities (excluding developers) are subject to an Additional Buyer’s Stamp Duty (ABSD) of 65% on the purchase price (or market value), whichever is higher.
