Buyer's Stamp Duty (BSD)
DEFINITION
Buyer's Stamp Duty, or BSD, is a tax that must be paid on all property purchases, including BTO flats. The tax uses tiered rates and must be paid within 14 days after signing the Agreement for Lease. Payment can be made using CPF savings or cash.
ELI5
When you buy a property, you also need to pay a government tax called BSD. The amount depends on the price, and you must pay it within the required time.
