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Hi,

ABSD depends on who the purchasers are, and is taxed on the higher tax bracket of all purchasers.

ie. If your spouse purchases as a sole SPR purchaser, 5% ABSD is payable.
If you jointly purchase, ABSD is 7% since its your 2nd residential, and her 1st property.

If you choose to be the guarantor, your name needs to be included in the purchase, hence it is still 7% ABSD. It is likely you need to put in your name as a joint-purchase to qualify for a higher loan quantum possible, since its a bigger property you are considering.

Thanks and may I understand your housing plans further before advising further?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi,

If your spouse purchases solely under Her name, the ABSD liable would be 5%, however the rates will differ should you include your name as well. This is rather subjective - considering the loan quantum given the larger property you are looking at.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner, for me to very comprehensively chart out your financial calculations flow/ABSD & loan matters/ and for us to explore the available options and alternative.

Rest assured, I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. Furthermore, since you are not liable to pay any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

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Good evening buyer!

Great hearing from you.

I will advise her to purchase solely under her name, in this way ABSD will be lesser but this can only be done if she's financially capable to finance mortgage by herself as you can't be guarantor nowadays.

If it's a joint purchase, ABSD will be 7% as this will be your second residential property purchase.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More

Hi, purchase under your name, the ABSD will be 7% and the max loan for 2nd property is only up to 50%. To be able to assist and advise you more accurately, pls drop me an email for me to understand your financial status.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More