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Good day Mr Kevin Tan .

As per your question , yes ABSD is payable on the part share that you are considering to buy over from your wife .

There is no way to not pay ABSD on 2nd residential property , alternatively you may want to do your sums and consider individually buy 1 property each AFTER selling all your existing property , please note regarding financing for individual purchase , cpf usage and loan granted for owner only , meaning non-owner cannot used their cpf or loan for the property .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( many agents ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Good day Mr Kevin Tan .

As per your question , very easy to remove your name from your parents property if your cpf is not in the property and you are not involved in the loan , on the same note more difficult otherwise , your parents will have to return to cpf board your cpf , and subject to them able to take over your loan .

As per your other question , yes ABSD is payable on the part share that you are considering to buy over from your wife if it is a 2nd property . Otherwise , No ABSD payable for first property , so it depends on your sequence of transaction .

There is no way to NOT pay ABSD on 2nd residential property , alternatively you may want to do your sums and consider individually buy 1 property each AFTER selling all your existing property , please note regarding financing for individual purchase , cpf usage and loan Will be granted for owner only , meaning non-owner cannot used their cpf or loan for the property .

Please note as far as NO ABSD is concerned , i am assuming you and your wife are singaporeans .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( many agents ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Kevin,

Buying over your wife's share will be the decoupling method, and you will incur ABSD of 7% since you already co-own 1 residential property with your parents.

This amount should be balanced with the ABSD savings you can achieve when she purchases the property on her sole name. Might you parents be able to buy over your share as well? It might be good to do some financial planning before taking the next step.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More

Hi Kevin,

Yes, ABSD is also applicable for transfer of shares of a property between parties. It will be on the % share amount to be transferred. Assuming the property is under Joint-Tenancy, ABSD will be on the 50% of the property valuation.

Should your wife (assuming she's Singaporean) proceed to buy her own property, she will be liable to pay 7% ABSD for her 2nd property. Do take note that if your jointly-owned condo is still under loan, she will only be able to loan up to max 50% for her next property.

If you opt to purchase your next property under joint-names (assuming you're Singaporean too), take note that ABSD will be 10% as this will be your 3rd property. And you will be able to loan up to max 40% of the purchase.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Kevin
There are a few ways to do it for your cases. I would be pleased to share more with you and your wife in details. OR alternatively you can let me know the figures and I can advise you.
Tricia Tan 91442664  Read More