Asked by Mr. Andrew Chew
Hi there, both my sister and I live overseas.
My mother recently sold her freehold house and downgraded to an HDB apartment. My sister, who was in Singapore, persuaded her to buy an investment condo in town under my sister's name. The reason for this is to avoid the Additional Buyer's Stamp Duty.
All this was done without my knowledge until a telephone call with my mother after an option to purchase had already been executed and exercised although only 1% was paid at the time. I told my mother not to go ahead as it was clearly unfair to me but she was somehow 'conned' into transferring an additional 4% effectively rubber stamping the exercise of the option.
My mother is prepared to write off the 5% but is there any other way to go forward? My mother and I obviously do not trust my sister, who is married, and after all the subterfuge.
My mother recently sold her freehold house and downgraded to an HDB apartment. My sister, who was in Singapore, persuaded her to buy an investment condo in town under my sister's name. The reason for this is to avoid the Additional Buyer's Stamp Duty.
All this was done without my knowledge until a telephone call with my mother after an option to purchase had already been executed and exercised although only 1% was paid at the time. I told my mother not to go ahead as it was clearly unfair to me but she was somehow 'conned' into transferring an additional 4% effectively rubber stamping the exercise of the option.
My mother is prepared to write off the 5% but is there any other way to go forward? My mother and I obviously do not trust my sister, who is married, and after all the subterfuge.
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