SSD Declaration (Section 22A): Seller's Stamp Duty for Industrial Properties Declaration Form
This IRAS declaration helps the Commissioner of Stamp Duties and the conveyancing lawyers work out whether a seller owes Seller's Stamp Duty on an industrial property, and how much.
This is the genuine IRAS PDF, unmodified. Source: IRAS official page.
What is SSD Declaration (Section 22A)?
Seller's Stamp Duty (SSD) is payable on industrial properties and industrial lands acquired on or after 12 Jan 2013 and disposed of within the holding period. This declaration form records the facts that decide liability: the property, the date of purchase or acquisition, the date of sale or disposal, and the resulting holding period.
IRAS states that completing the form is mandatory. Section A covers the property and the sellers or transferors with their identity numbers, Section B works through the holding period bands and the computation of SSD, and the later sections carry the declaration and signatures. A separate form is used where the holding periods of the sellers or transferors differ.
Who files SSD Declaration (Section 22A)?
- Sellers and transferors disposing of an industrial property or industrial land in Singapore
- Conveyancing lawyers acting on an industrial property sale who must establish SSD liability
- Companies and other entities transferring industrial premises acquired on or after 12 Jan 2013
- Sellers whose holding periods differ from a co-owner and who therefore need a separate form each
How to fill out SSD Declaration (Section 22A)
- In Section A, enter the address of the property sold or disposed of, the date of purchase or acquisition, and the date of sale or disposal.
- List every seller or transferor with their identity number (NRIC, UEN or passport).
- In Section B, tick the box for the band that matches your date of purchase or acquisition and the holding period, and follow the computation shown against it.
- Complete the remaining declarations and sign and date the form. Use a separate form if the holding periods of the sellers differ.
- Give the completed form to your conveyancing lawyer. IRAS advises law firms to keep the original for at least 5 years from the date of sale or disposal; any SSD due is paid separately through e-Stamping within 14 days.
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Frequently asked questions
Do I send this form to IRAS?
No. IRAS states the completed form need not be submitted, but law firms are advised to retain the original for at least 5 years from the date of sale or disposal because IRAS may request it for audit purposes.
When is SSD on industrial property payable?
Within 14 days after the date of sale or disposal. IRAS warns that penalties of up to 4 times the stamp duty owed can be imposed on the seller where the duty is not fully paid or is paid late.
What counts as the date of sale or disposal?
The date the buyer exercises the Option to Purchase, or the date the buyer signed the Sale and Purchase Agreement, or the date of transfer where neither of those applies. The form sets the same order out in its footnotes.