Asked by Mr. Nino Tuazon
When to pay SSD - Sellers Stamp Duty
Maybe someone can help to shed some light on my question reg: SSD
On the IRAS site it says - "14 days from the date of execution if the document was signed in Singapore"
So my question now is when to calculate the 14 days?
Example:
Buyer decided to give 1 pct and signed OTP on Jan. 1 2015, does this mean I need to pay the SSD on Jan. 15, 2015?
or I will have to wait until the buyer handover to me the 2nd cheque which is 4pct and then that's the time the 14 days kicks in for me to pay the SSD?
Appreciate any feedback
Kind Regards,
Nino
Maybe someone can help to shed some light on my question reg: SSD
On the IRAS site it says - "14 days from the date of execution if the document was signed in Singapore"
So my question now is when to calculate the 14 days?
Example:
Buyer decided to give 1 pct and signed OTP on Jan. 1 2015, does this mean I need to pay the SSD on Jan. 15, 2015?
or I will have to wait until the buyer handover to me the 2nd cheque which is 4pct and then that's the time the 14 days kicks in for me to pay the SSD?
Appreciate any feedback
Kind Regards,
Nino
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