Dear Sharifah Fatimah Rahman (Ms), you conceded on =on or after 22 Feb 2015 (no pay) in your explanation given below. YOUR POINT = on or after 14 Jan 2011 (pay) MY POINT = on or after 22 Feb 2015 (no pay) Which you conceded in your example below Only Contesting the date-ofFpurchase as a Factor EXAMPLE 1 (repeat) Buy = on 22 Feb 2011 Sold = 25 Jan 2012 Holding = less-than 1-year SOLD on or after 22 Feb 2015 (no pay) (you agreed on this) EXAMPLE 2 (see your own website and attached picture - example 2) Buy = on 24 Feb 2011 (2 Days DIFFERENCE)(start of your policy) Sold = 10 Jun 2013 Holding = 2 to 3 years SOLD on or after 22 Feb 2015 (no pay) (as specified on your website) You made a Typographical-error of 14 instead of 24 =| grant you that = taken as 24 Feb 2011 You didn't and cannot explain Example 2 *** | want to see your specific Rules-and-Regulations on this. Thank You, Tan Eng ChoonOn 29/06/2016 12:57 PM, IRAS - eStamp wrote: Dear Sir We refer to your email of 28 June 2016. The SSD holding period for residential properties purchased on or after 14 Jan 2011, remains as 4 years. We wish to clarify on the example of SSD given in our website. Example 1: Mr M purchased his residential property on 22 Feb 2011 and sold it on 25 Jan 2012 for $1,500,000. ~ + Holding period : Less than 1 year (Sale of the property on or after 22 Feb 2015 will not be subjected to SSD) 16% of selling price or market value, whichever is higher $1,500,000 x 16% SSD payable = $240,000 The example refers to a residential property purchased on 22 Feb 2011. If the owner of the residential property subsequently sells his property on or after 22 Feb 2015, he will not be subjected to SSD, as he is considered to have sold his residential property after the SSD holding period of 4 years.‘We hope that we have addressed your query on SSD, and apologize if the examples given in our website are not clear. Thank you Regards, Sharifah Fatimah Rahman (Ms) Tax Officer (PTD-Valuation and Stamp Duties) | Inland Revenue Authority of Singapore From: Eng Choon Tan [mailto:ectanec@gmail.com| Sent: Tuesday, 28 June, 2016 4:59 PM To: IRAS - eStamp Subject: Re: Calculation of SSD for HDB sale under 2 years of ownership Dear Sharifah Fatimah Rahman (Ms), Do refer to my Original email with the picture attachment of your website which you haven't clarified. *** Its under the sample calculation of your both your examples. In brackets its says - after Feburary 2015, no SSD is payable at all. *** Please let me know if there had been a rule change, to that effect, on Feburary 2015. Thank you, Tan Eno ChonnOn 28 Jun, 2016 3:58 pm, "IRAS - eStamp”™ wrote: Dear Sir / Madam We refer to your email of 27 June 2016. 1. While we understand that HDB's Minimum Occupation Period (MOP) is 5 years, we wish to clarify that the SSD holding period for residential properties purchased on or after 14 Jan 2011, is 4 years. SSD is not payable if the flat is subsequently sold after 4 years of its purchase. SSD is payable if the flat is subsequently sold within 4 years of its purchase. 2. Based on the information that you have provided, we understand that you are selling the flat within 2 years of its purchase. SSD at the rate of 12% will this be payable on the sale. The SSD rate of 12% is applicable for a sale made within the holding period of more than 1 yearand up to 2 years. For your easy reference on the relevant SSD rate, please visit our website at: https://www.iras.gov.se/irashome/Other-Taxes/Stamp-Duty-for-Property/Working- out-your-Stamp-Duty/Selling-or-Disposing-Property/Seller-s-Stamp-Duty—-SSD-—for- Residential-Property/ 3. The Buyer of your flat will be liable for Buyer's Stamp Duty (BSD). BSD rate i:First $180,000: 1% Next $180,000: 2% Remaining Amount: 3% If the Buyer is a Singapore Permanent Resident, Additional Buyer's Stamp Duty (ABSD) at the rate of 5% shall also be payable. ABSD is applicable based on the purchase of residential property, based on the profile of the Buyer. For your easy reference on BSD and ABSD, please visit our website at: https://www.iras.gousg /irashome/Other-Taxes/Stamp-D uty-for- Propel orking-out-your-Stamp-Du: uying-or-Acquiring-Pr Please note that stamp duties (SSD, BSD, ABSD) will be calculated based on the price or value of the property, whichever is higher. ‘We hope the above clarifies. Thank you Regards, Sharifah Fatimah Rahman (Ms) Tax Officer (PTD-Valuation and Stamp Duties) | Inland Revenue Authority of Singapore——Original Message-——— From: ec [mailto:ectanec@gmail.com] Sent: Monday, 27 June, 2016 2:23 PM To: IRAS - eStamp (Cc: Kay Cheong Tan Subject: Calculation of SSD for HDB sale under 2 years of ownership Dear Sir/Mdm, | went to your website to find out more on the Seller's Stamp Duty payable under the existing rules and saw conflicting information (see attached 1) 1am writing in because | have special permission to sell my flat before the 5 years Minimum Occupational Period. (see attached 2) lam fortunate to have a ready buyer and | need to clarify my obligations with urgency. 1= Please let me know what are my obligations to the Tax department 2= What are my BUYERs Obligations to the Tax department Address = = block 52 = Chai Chee Street= unit #03-322 Owner (myself) = Name = Tan Eng Choon NRIC = $75231361 Copied = Holder of Power of Attomey (Manager of property - in my absence) Thank You, Tan Eng Choon ‘example 2 jpg Example 2: Mr @ purchased his residential property on 24 Feb 2011 and sold iton 10 Jun 2013 for $1,600,000. ~ + Holding period : More than 2 years and up to 3 years (Sale of the property on or after 24 Feb 2015 will not be subjected to SSD) 8% of selling price or market value, whichever is higher $1,500,000 x 8% SSD payable = $120,000