Budget 2023

What is the stamp duty increase, as announced in Budget 2023?

• Increased Buyer’s Stamp Duties (BSD) for higher-value residential and non-residential properties (wef 15 February 2023)

  Higher of Purchase Price or Market Value of the Property	Marginal BSD rate
  	Residential propert	Non-residential property
  First $180,000	1%	1%
  Next $180,000	2%	2%
  Next $640,000	3%	3%
  Next $500,000	4%	4% (NEW)
  Next $1,500,000	5% (NEW)	5% (NEW)
  Amount exceeding $3,000,000	6% (NEW)	5% (NEW)

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