Hi,
1) You are able to keep the flat provided the following conditions are met:
(a) The flat was bought before 3oth August 2010.
(b) It is not a BTO/SBF or a resale flat bought with grants.
(c) You have to satisfy the eligibility schemes apart from the owning private residential property thingy.
2) You will have to stay in the HDB flat to complete a 5 years MOP once you take over the ownership.
3) You are not eligible to invest in private property during the MOP.
4) You are also not allowed to sell this flat or rent out the whole unit during the MOP.
5) You have to check with the IRAS whether you are subject to any ABSD or inheritance tax. It is not required at this point in time. But I don't know whether this will change in the future.
6) The HDB viewed a married couple as a single entity thus using your wife to inherit the HDB flat is not doable.
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answer 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
9011....
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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