Asked by Anonymous
Can a pair of US Citizen + Foreigner couple buy their first condo in Singapore without ABSD? None of the couple is Singapore PR.
1260 views
5 Answers
Good afternoon,
US Citizen is accorded the same stamp duty treatment as Singaporean under FTAs.
So if US citizen buys first private residential property, he/ she will have to pay the 3 or 4% buyer's stamp duty. No ABSD applicable.
Even he/ she decides to buy first residential property with a foreign spouse, IRAS will treat it as a matrimonial home between a SC with a foreign spouse. No ABSD applicable even its purchased with a foreign spouse.
Hope my sharing clears your doubts. May I know how can I value add further in your property needs?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
US Citizen is accorded the same stamp duty treatment as Singaporean under FTAs.
So if US citizen buys first private residential property, he/ she will have to pay the 3 or 4% buyer's stamp duty. No ABSD applicable.
Even he/ she decides to buy first residential property with a foreign spouse, IRAS will treat it as a matrimonial home between a SC with a foreign spouse. No ABSD applicable even its purchased with a foreign spouse.
Hope my sharing clears your doubts. May I know how can I value add further in your property needs?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
Hi Sir
Unless the nationality of the couples falls under Iceland, Liechtenstein, Norway Switzerland or USA, no ABSD is required to be paid..
Hope it clears your doubt..
Let me know if you need more details.
Thanks.
Raymond Lim
CCN Realty Pte Ltd
91388805
Email: raymondshaq@hotmail.com Read More
Unless the nationality of the couples falls under Iceland, Liechtenstein, Norway Switzerland or USA, no ABSD is required to be paid..
Hope it clears your doubt..
Let me know if you need more details.
Thanks.
Raymond Lim
CCN Realty Pte Ltd
91388805
Email: raymondshaq@hotmail.com Read More
Hi Sir,
Yes under Free Trade Agreement US citizen need not pay absd.
If I understand correctly your statement, there is a total of 4 persons. USA couple and 1 more pair. If this is the scenario, please do drop me a line. I might have a solution.
Be
Shawn Chew
90294371
Shawnchewproperties@gmail.com
www.shawnchew.com Read More
Yes under Free Trade Agreement US citizen need not pay absd.
If I understand correctly your statement, there is a total of 4 persons. USA couple and 1 more pair. If this is the scenario, please do drop me a line. I might have a solution.
Be
Shawn Chew
90294371
Shawnchewproperties@gmail.com
www.shawnchew.com Read More
Can a pair of US Citizen + Foreigner couple buy their first condo in Singapore without ABSD? None of the couple is Singapore PR.
Hi,
My assumption of your query is a US citizen + Foreigner couple buy first home in Singapore.
US citizen should register as owner only to avoid ABSD.
If foreigner wish name to be included in the title deed, then a 15% ABSD will be incurred.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
Hi,
My assumption of your query is a US citizen + Foreigner couple buy first home in Singapore.
US citizen should register as owner only to avoid ABSD.
If foreigner wish name to be included in the title deed, then a 15% ABSD will be incurred.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More