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)