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Hi,

Yes relevant stamp duties will apply, and it will be based on market valuation by IRAS. There are also other considerations. Perhaps we can discuss further on how best to achieve your objectives? Thanks and hope to discuss further.

Warm regards
Ivan ERA
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Yes, you will incur ABSD. Read here: https://www.iras.gov.sg/IRASHome/uploadedFiles/IRASHome/Other_Taxes/Stamp_Duty_ABSD_on_Purchase_of_Residential_Properties_Revised_Edition.pdf

Hope it answers your question. Are you looking at ways to save ABSD?

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Evening,

Normal stamp duty and ABSD is payable on the transfer due to transfer of ownership.

FYI
Mike Lim
 96929209 
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ERA Read More