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Hi Remy,

There are lots of info missing in your queries. I'll try my best to answer.

1) Stamp duty for property is standardized across the board. There are no exceptions in whatever type of properties and way of purchase.

2) Do note that IRAS charge stamp duty according to market value, thus any form of methods trying to reduce or evade tax aka stamp duty is a form of crime.

Hope the above answer to your main concerns, but if there are more queries, 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

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Stamp duties are applicable based on the market value of the property regardless of the selling price, therefore there is no way to reduce the stamp duty applicable. The main difference between gift and sale is that you are now allowed to sell the property within 5 years from gift as it is subjected to bankruptcy act.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565  .

I look very much to hear from you soon.

http://bit.ly/HDBMillionaire

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Register at bit.ly/RealDealSG today.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

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My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw

Regards,

Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi,

Stamp Duty is to be paid based on the transaction price or valuation price, whichever is higher. So even if you sell a $2m property to your daughter at $1, you will still have to pay stamp duty based on market value of $2m.

May I know what's your reasons for the transfer? Perhaps you could share with me more information, so that I can give you a more appropriate recommendation?

I am experienced and well-versed in both private and HDB resale 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