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Hi,

For US nationals, they can purchase residential property without ABSD due to the free trade agreement. So your wife can purchase as a single without ABSD.

However since you are neither Singaporean nor SPR, and only your wife is US national, in this scenario if you choose to do a joint purchase, it is better to write in to IRAS Singapore to get a written confirmation on whether ABSD remission is possible. As this is a unique scenario not under the typical criteria.

I can try to assist on that but I think IRAS would eventually need some supporting documents and info from the actual prospective buyer. 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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More

Hi,

1) As long as your wife is a citizen of the United State, she is entitled to enjoy the benefit of being a Singapore citizen in a property purchase.
2) Only the normal buyer stamp duty was incurred in the 1st residential property purchase.
3) You must be one of the owners of this purchase in order to get the mortgage.
4) There are 2 types of joint ownerships that you can select from:
(a) Joint-Tenancy (JT): All owners will have equal shares and rights in a property. The right of survivorship applied, means that if one person passes away, the other party automatically assumes full ownership of the property.
(b) Tenancy-In-Common (TIC): The owners can determine how much share each own in a property. The share can be transfer/willed to another person without the consent from the other owners.
5) You may find the ABSD remission for foreigners eligibility under the FTA in IRAS web:
https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/foreigners-eligible-for-absd-remission-under-free-trade-agreements-(ftas)

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Sir,

ABSD remission is only applicable for Singaporean Citizens purchasing their first matrimonial home.

Based on your situation, if you (foreigner) purchases the property jointly with your US Citizen Wife, you will be liable for ABSD of 30% (higher tax rate).

If the property is purchased solely under your Wife's name, she will not be liable to pay ABSD under FTA.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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