Stamping Of Rental Agreement Singapore

Also known as stamp tax, it is payable if a tenant: i) A fixed-rent lease and additional rent based on a percentage of gross turnover (GTO), without a maximum or minimum guaranteed sum For example, if the rent per month is $2,000 and the lease is 12 months, the annual rent is $24,000. Therefore, the stamp duty is 0.4% x $24,000 = S$96. A fixed-rent lease is a contract for which a fixed rent is agreed in advance for the entire duration of the lease. Stamp duty on fixed rent is based on leasing rates. The tenants are, rightly, the ones who pay stamp duty. The party that is required to pay stamp duty is usually stated in the agreements. For example, if you are renting real estate, the rental agreement should indicate who must pay the stamp duty. Source: IRAS. (This also applies if you can negotiate well, the landlord can refund or pay the amount of stamp duty for you, but the payment should always be made in the name of the tenant).

I simplified the statement in the article. Thank you very much for the indication and the manifestation! Good day🙂 This article is misleading. The rent of the space must also be stamped. Please read the IRAS website before publication. You can stamp the agreement with your landlord via the IRAS e-buffer portal. A premium lease is a lease for which there is a lump sum payment. Stamp duty must be paid on the premium on the basis of BSD rates. .