Asked by James D
Hi Gurus,
Based on the revised property rules from 14 Jan 11, may I know how one's length of ownership of private property is calculated? Is it from date of signing option to purchase or date of the sales/purchase agreeement?
Also, if the option to purchase is signed before 14 Jan 11 but the property sale/purchase agreement is signed after 14 Jan 11, would the owner be subjected to the revised stamp duty rules for the first 4 years or the old stamp duty rules?
Thanks in advance for your help.
Based on the revised property rules from 14 Jan 11, may I know how one's length of ownership of private property is calculated? Is it from date of signing option to purchase or date of the sales/purchase agreeement?
Also, if the option to purchase is signed before 14 Jan 11 but the property sale/purchase agreement is signed after 14 Jan 11, would the owner be subjected to the revised stamp duty rules for the first 4 years or the old stamp duty rules?
Thanks in advance for your help.
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