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Hi not really true. You could sell your property to your child at a price that is below valuation but can't be too low as the bank may not approve the lending to your child if that is the case. Unless your child is paying it in full cash.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear Mr Kharan,

To add on to what Aaron has indicated, the stamp duty applicable will be based on valuation instead of the transacted price.

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Hi Sir,

You can sell the property at a price lower than the valuation, but Stamp Duty wise, your son will still be required to pay based on the property's valuation at the point of transfer of ownership.

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PropNex Realty Read More

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