Only applicable for properties bought on, or after, 20 February 2010, SSD is a payable tax that is imposed on all residential properties that are sold within the stated minimum holding period of three years from which the property was purchased.
First implemented in 2010 to prevent the industry practice of flipping properties, the SSD is levied on you and extends to all residential properties sold up to three years after their purchase date.
The Seller’s Stamp Duty is an unavoidable cost when it comes to selling a property, but fret not! You might be surprised to know that there are exemptions from it. For example, you will not have to pay the SSD when selling your HDB flat if you meet the Minimum Occupation Period (MOP) before doing so.