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Stamp duty is a tax payable on documents related to the rental of real estate in Singapore, such as lease or lease (TA). A penalty of $10 or an amount equal to the fee payable, whichever is greater, will be imposed for late payments of up to 3 months. The rental agreement is recognized by the authorities and has legally binding powers only if all relevant stamps and seals are present and stamp duty is properly paid. The amount of stamp duty depends on the monthly rent as well as the length of your rental period. Here is an example of an apartment with a total monthly rent of $3000 for a rental period of 18 and 24 months. Of course, the higher the rent and the longer the length of stay, the higher the amount of stamp duty to be paid. There is no instalment payment for stamp duty; it must be paid in full. You can stamp your documents in one of the following points A lease must be properly stamped and stamp duty paid before the tenant and landlord sign it. In practice, however, this almost never happens. Thus, a rental agreement can always be stamped without penalty if: If you are a landlord and want to confirm if your tenant has paid stamp duty, received the document and the reference number of the stamp certificate, you just need to check online at IRAS. You can pay stamp duty for this rental online at IRAS. If this is not the case, the load capacity is the responsibility of the tenant to make the buffer. It is advisable to inform him to provide proof in the form of a receipt once he has done so.

The consequences of non-payment of stamp duty could therefore be devastating for both the tenant and the owner. Hello Xoo, you are actually right 😀 Stamp duty is also levied on the rental of the room. I have corrected the article. Thank you for your valuable comments on this article 🙂 Contact Us! For example, if the rent per month is S$2,000 and the lease is 12 months, the annual rent is S$24,000. Therefore, the rental stamp tax is 0.4% x $24,000 = $96 S. Check out other rental-related articles here: Latest Real Estate Updates March 2018: Stamp Duty Rule and Subsidized Apartments for Divorcees and The Buyer`s Stamp Tax Increase Will Not Stop the Momentum of the Real Estate Market The rental tax will be rounded to the following dollar, subject to a minimum fee of $1. A penalty of up to 4 times may be imposed on documents that are not stamped, late or incorrectly stamped. In the case of rental contracts, the tenant is required to pay stamp duty. The tenant can also ask their agent (if applicable) to help them if they are not familiar with the process.

The Rental Stamp Tax Calculator helps you determine the amount of stamp duty to be paid to IRAS for the signed lease. .