3 Answers

Hi your son is the beneficial owner while parents will be legal owner. Do contact me at 97970200  to discuss more

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MCG Read More
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Dear Sir/Mdm,

If you were to purchase a property held in trust for your son, your son will be the beneficiary of the property. It is one of the ways to avoid the Additional Buyer Stamp Duty (ABSD) but kindly take note that you will not be able to obtain a loan for the purchase!

If you need any assistance, please feel free to contact me. Thank you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
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YT Tan (陈永达)
Good evening Sir/ Mdm,

You will be the trustee and your son will be the beneficiary if you decide to proceed further.

Trust is usually used if a buyer doesnt wish to pay ABSD and want to leave a legacy for their children.

Do take note that you have to pay for the property fully by cash, no loan is allowed. If you decide to sell the property, the funds will remain in the trust. Only the beneficiary for instance your son will be able to withdraw the funds when he turns legal age of 21 years old.

Care to share what are your considerations and why are you thinking of using trust?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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