What is the ssd rate

The Seller's Stamp Duty (SSD) rates for residential properties sold within the first three years of purchase are as follows:

- Up to 1 year: 12%
- More than 1 year and up to 2 years: 8%
- More than 2 years and up to 3 years: 4%
- More than 3 years: No SSD payable

For industrial properties bought on or after 12 January 2013 and sold within three years, the SSD rates are:

- Up to 1 year: 15% of consideration or market value, whichever is higher
- More than 1 year and up to 2 years: 10% of consideration or market value, whichever is higher
- More than 2 years and up to 3 years: 5% of consideration or market value, whichever is higher
- More than 3 years: No SSD payable