Asked by Jack Yao xie
hi Guru, husband is citizen, wife is SPR, assuming one property currently.
1. If husband buy and wife buy one private condo, assuming 1M, with wife 99% share and husband 1% share, there is no ABSD.
2. if within a year, husband and wife decouple, husband transfer the 1% to wife, apart from legal fee by two lawyers, there will be SSD, which is 12% of that 1% share which owned by husband, and
wife to pay ABSD, which is 5% of that 1% share being transfer, and the normal BSD.
3. after decoupling, next property husband purchase will not incur ABSD.
Please help to advise if above understanding is correct, thanks in advance.
1. If husband buy and wife buy one private condo, assuming 1M, with wife 99% share and husband 1% share, there is no ABSD.
2. if within a year, husband and wife decouple, husband transfer the 1% to wife, apart from legal fee by two lawyers, there will be SSD, which is 12% of that 1% share which owned by husband, and
wife to pay ABSD, which is 5% of that 1% share being transfer, and the normal BSD.
3. after decoupling, next property husband purchase will not incur ABSD.
Please help to advise if above understanding is correct, thanks in advance.
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