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Both PRs looking to purchase a resale HDB flat. Our cash are not enough to pay ABSD but our combined CPF have sufficient funds. Is it possible to use our CPF savings to pay for the ABSD directly, instead of using cash? Thanks
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3 Answers

Hi, appreciate your sharing over PropertyGuru, able to check with IRAS on your behalf.
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Cheers
Stewart
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Hi

Do note that besides the ABSD, the BSD of approx 3% is also payable, so in total approx 8% of the purchase price is payable as stamp duties. Yes it may be possible to pay direct from CPF OA but not all law firms may want to assist on this. May I have more info from you so to see if its possible?

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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✔1 Any request for special consideration or appeal should be checked directly with HDB or IRAS, as they assess such cases individually.

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