Dear Troy,
If you refer to the following link at https://singaporelegaladvice.com/law-articles/stamp-duty-payable-inheriting-property/, it is indicated that "Stamp duties are taxes on the purchase of a property. Generally, there is no stamp duty owed for inheriting a property in Singapore if:
It was a residential property; and
You inherited it via a valid will, the Intestate Succession Act, or the Administration of Muslim Law Act.
Otherwise, it may be considered a gift or a sale and attract the necessary stamp duties.".
Hope the above helps. You may wish to speak to a lawyer instead on this subject matter if you require further explanation on your current situation.
Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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