RES exam question on Taxes & Duties: An investor buys a private condo and later sells it within the holding period
An investor buys a private condo and later sells it within the holding period. The SSD rules effective 4 July 2025 apply, and the applicable SSD holding period is 4 years. Which is/are correct? (i) SSD is payable by the buyer of the property (ii) SSD is payable by the seller who sells within the holding period (iii) From 4 Jul 2025 the SSD holding period is 4 years (16/12/8/4% for sale within ≤1/≤2/≤3/≤4 years) (iv) Selling after holding more than 4 years attracts no SSD
- A(ii), (iii) and (iv) only
- B(i), (ii), (iii) and (iv)
- C(i), (iii) and (iv) only
- D(i), (ii) and (iv) only
Show answer & explanation
Answer
A. (ii), (iii) and (iv) only
Explanation
(ii) is correct: SSD is payable by the seller who disposes within the holding period. (iii) is correct: from 4 Jul 2025 the SSD holding period is 4 years, with rates of 16/12/8/4% for sale within 1/2/3/4 years. (iv) is correct: selling after holding more than 4 years attracts no SSD. So (ii), (iii) and (iv) only.
Why the other options are wrong
- (i) is wrong: SSD is a seller-side duty, not payable by the buyer.
Study the concept behind this question: Stamp Duties Explained: BSD, ABSD & SSD (Singapore, 2026)
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