Pre-mortgage Must-read: Basic Stamp Duty and High Loan-to-Value Ratio Mortgage

Following the announcement of the 2024-25 Budget Address, no Special Stamp Duty (SSD), Buyer’s Stamp Duty (BSD) or New Residential Stamp Duty (NRSD) needs to be paid for any residential property transactions starting from 28th February 2024. In other words, whether you are a local or first-time homebuyer or not, everyone pays the same amount of stamp duty.