iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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IRAS stamp duty regulations is collected by the Inland Revenue Authority of Singapore on qualifying instruments. This tax is relevant mainly for real estate transactions and transfer of ownership.

For property buyers, the rate depends on the purchase price or market value. Failure to pay on time can result in penalties and fines.

IRAS provides detailed guidelines and calculators online to help taxpayers determine the correct stamp duty amount. Exemptions and reliefs may be available under certain conditions, get more info such as for first-time homebuyers or specific property types.

Timely payment ensures smooth completion of transactions.

Using IRAS online tools can help calculate your stamp duty accurately.