What is the seller stamp duty for commercial properties for sale

Seller’s Stamp Duty (SSD) for industrial properties in Singapore applies if the property was acquired on or after 12 January 2013 and sold within three years of purchase.

The SSD rates for industrial properties are as follows:
- 15% if sold within the first year of purchase
- 10% if sold in the second year
- 5% if sold in the third year
- No SSD is payable if sold after three years

The duty is calculated on the higher of the selling price or the market value at the time of sale. Certain exemptions apply, such as compulsory acquisition by the government or disposals by public authorities. Payment is typically handled via the e-Stamping Portal, and legal professionals representing the seller must complete a mandatory declaration form.