GST on commercial property calculator Singapore
A GST-registered seller charges GST on the sale of commercial or industrial property; residential property is exempt. The rate is 9% from 1 January 2024. IRAS applies the rate in force when each part is paid: option money paid before that date bears 8%, and the balance paid on completion after it 9%.
Rules last changed on 1 January 2024.
Work out the GST and stamp duty
- GST in all
- S$225,000.00
- Price with GST
- S$2,725,000.00
- Buyer's Stamp Duty
- S$94,600
S$2,250.00 at 9% on the S$25,000.00 paid on 2 October 2026, and S$222,750.00 at 9% on the balance at completion on 2 October 2026. Stamp duty is on the price before GST.
Current rates
| Time of supply | Rate |
|---|---|
| From 1 January 2024 | 9% |
| 1 January 2023 to 31 December 2023 | 8% |
| 1 July 2007 to 31 December 2022 | 7% |
On the sale of commercial or industrial property by a GST-registered seller. The sale of residential property is exempt.
A worked example
IRAS's case (Question 1.6, purchase of non-residential property): a company pays 1% option money on non-residential property before 1 January 2024 and the rest on completion after it. On a price of S$1,000,000, chosen here, GST is S$800 at 8% on the option money and S$89,100 at 9% on the balance: S$89,900 in all.
Source: IRAS, Frequently Asked Questions for Businesses, GST rate change 2024, Question 1.6, purchase of non-residential property.
Rule history
Every published version of the rules this calculator uses, with the date it took effect.
BSD rates
Chosen by: The date the purchase is documented: the Option to Purchase exercised, or the sale and purchase agreement signed.
- From 15 February 2023In force todayTop residential rate 6% above S$3 million; non-residential top rate 5% above S$1.5 millionPrimary source
Not modelled before 15 February 2023.
GST rate
Chosen by: The time of supply. For a completed property, IRAS's property guide puts the option fee and deposit at the earlier of payment and invoice, and the rest at the earliest of payment, invoice, legal completion and the property being made available.
- From 1 January 2024In force today9%Primary source
- From 1 January 2023 to 31 December 20238%Primary source
- From 1 July 2007 to 31 December 20227%Primary source
Not modelled before 1 July 2007.
Questions
Is GST charged on residential property?
No. IRAS exempts the sale and lease of residential property from GST. The sale of commercial or industrial property by a GST-registered seller is subject to it.
Which GST rate applies when a purchase spans a rate change?
The rate in force when each part is paid or invoiced. For a completed property, IRAS's guide puts GST on the option fee and deposit when they are paid or invoiced, and on the rest at the earliest of payment, invoice, legal completion and handover. The rate today is 9%, from 1 January 2024.
Is Buyer's Stamp Duty worked on the price with GST?
No. IRAS's own stamp duty calculator for non-residential property asks for the price or market value excluding GST, and this calculator follows it.
Is this calculator advice?
No. It applies the published rules to the figures you enter. Confirm with IRAS or your lawyer before you commit.
Estimates only, from the published rules in force on the date you enter. Confirm with IRAS or your lawyer before you transact. All calculators