At the time of this writing, a Seller Stamp Duty (SSD) is applicable for the below situations:
(1) If you property is bought between 30 August 2010 to 12 January 2011, the following SSD applies:
- 3% of price or market value if the property is sold within the first year.
- 2% of price or market value if the property is sold within the second year.
- 1% of price or market value if the property is sold within the third year.
- No SSD when the property is sold after a holding period of three years.
(2) If your property is bought on or after 13 January 2011, the following SSD applies:
- 16% of price or market value if the property is sold within the first year.
- 12% of price or market value if the property is sold within the second year.
- 8% of price or market value if the property is ...