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Hi gurus. I was divorced, sold our home. Net sales proceeds divided between us. Recently I got married and planned to buy a new home with my current spouse, a first timer. Is the levy still applies? At current I am unemployed and husband is sole breadwinner. I have 2 children from past marriage. Need your advice gurus. Thank you.
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2 Answers

Hi,

I assume your last flat is a BTO or a resale flat with a grant.
1) If buy BTO, under your situation, still will categorize as 1st timer queue.
2) Buying BTO or resale flat with the grant is subject to resale levy.
3) The resale levy amount is 50% (if under joint tenancy in last own unit) of the normal amount.
If it was held under Tenancy-In-Common then it will depend on the amount of share hold. The resale levy will be charged accordingly.
4) If buy resale without the grant, then you will be excused from the resale levy.
5) Do note that the resale levy has to be paid using cash only.

Hope the above answer to your main concerns, but if there are more query, 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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi

For divorced person, they are required to pay half of resale levy if they are purchasing a flat direct from from HDB or purchasing a resale with grant. No resale levy is applicable if the house bought is a resale without usage of CPF grant. In order to understand your situation better, do contact me at 93375051  . I will try my best to assist.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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