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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 
m52i@yahoo.com
ERA Read More

Hi,

Re: Our Preferred Experienced SG Realtor

If the ABSD 7% is a concern to you. You can opt to add your name under joint tenancy of 1% ownership whereby your mum still 99%. The buyer stamp duty will based on the 1% of the valuation of your mum property.

In the incident, sadly your mum deceased before you. You will auto be the 100% owned of the property, whereby the specific tax will applied.

Most of the cases, I always advise my clients to pay for the relevant stamp duties for inherit of property in full since beneficial is huge vs stamp duties. Rather than wait, likely regret and conflicts will occur for property in future. Agreed :)

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