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Good morning buyer,

Even though your spouse is a foreigner, you will only be subject to normal buyer's stamp duty (estimated 3%) and not 15% ABSD as foreigner because IRAS will treat this purchase as your matrimonial home.

And only legal owner can take up bank loan thus if this property is purchased solely under your name, only you can finance the bank loan.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.tan@propertyavenue.com.sg
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi,

For your 1st property purchase between SC-FR married couple, IRAS will treat it as your matrimonial property, hence you will qualify for ABSD remission, and stamp duty payable is 3%.

Only the legal owners can finance the property or be the loan guarantor, hence if its under your sole name, only your income will be taken into consideration.

Thanks and may I understand your housing plans before further value-adding?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi there!

You do not have to worry as the ABSD will not be applicable in your case, given the first matrimonial property status. If the property is purchased under your name then only your bank loan can be under your name solely.

Let's get in touch at +65 96659926  for me to understand your requirements, expectations and objectives. Following that, I will work out the financial calculations cash flow and breakdown of purchase with progressive payment to see which options you can consider.

Do note that there is no agent fees involved and I will walk you through this whole tedious process of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

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Good afternoon buyer,

It's great hearing from you!

yes it will be just 3% BSD. I have just verified this with a law firm. Don't have to pay 15% ABSD then apply for remission.

Since you are keen in your financial affordability, probably you can share more information so I can assist in drafting a financial plan for you.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.tan@propertyavenue.com.sg
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More