AskGuru Q&A Community

Good afternoon Joey,

You will not be eligible to claim back your 10% ABSD even if you sell off property B within 6 months from the purchase of property C.

ABSD remission works this way.

Both of you (married couple with one of you a SC) owns property A and will like to purchase property B. You can apply for ABSD remission as long as you sell off property A within 6 months from purchase of property B.

You will only have 1 property left.

My team and I had assisted numerous clients in restructuring and grow their property portfolio with tax savings. Will you be keen to find out more?

Hear from you soon!

- Your Leasehold Ally, Freehold Tactician -

1) Like my FB page: www.facebook.com/yt.tan91115171

2) Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

Powerful Negotiators
No1 team in Propnex Read More

Hi Joey,

Unfortunately no, ABSD refund is not applicable in this case as you will still have 2 property count at the end of everything. I'll be able to send you a chart and elaborate more, how should I get in touch to share more? Alternatively, you may want to consider commercial properties instead, as ABSD will not apply.

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 Joey,

I regret to inform you that you will not be able to claim back ABSD in this scenario.

ABSD refund can only be claimed back if the property you purchase is your jointly-owned first matrimonial home.

Should you sell off your jointly-owned second property, and proceed to buy your next property, you will be liable to pay 7% ABSD if you are Singaporean.

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

Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

No refund and remission of ABSD for third property purchase under present policy.

Do not reply to this thread as we will not be alerted to any response posted on this thread. Get in touch with me via email or through my mobile.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare

Singapore Professional Networks “SGProfessional.com”-

I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More

Evening Joey,

ABSD remission is only applicable for purchase of matrimonial unit. Hence for your case, you will not able to proceed with your claim. If you have the intention to sell your second property,why not execute if first before proceeding for the purchase?

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Joey,
Unfortunately, have to sell then buy.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More