Buyer’s Stamp Duty is a duty payable by the Purchaser upon acquiring a property.
BSD is only applicable to residential properties and was implemented to help local individuals looking to buy properties by taxing foreigners & investment companies.
We have created a simplified flow chart below for your reference.
Here are a few government resources regarding stamp duty that will help if you have a more complex case, such as having mutiple parties purchasing the property.
If you have any questions, don’t hesitate to reach out: [email protected]
