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Hi,

All ABSD remission need to done by law firm handle your purchase. Possibilities of the ABSD remission might be rejected as the one of the owner is not SC.

Some case, ABSD remission rejected due to lawyer issues too.

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In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Hi,

The wording on IRAS website is quite clear, hence if you are planning to sell earlier than their requirements, its best to write in to get their approval for potential ABSD remission before selling your hdb. Nonetheless you can't avoid the ABSD if its a joint purchase of your 2nd property.

More details at

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Claiming-Refunds-Remissions-Reliefs/Remissions/Remission-of-ABSD-for-A-Married-Couple/

May I understand your plans further so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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Good afternoon buyer,

Based on current regulations, as long as you sell off HDB anytime from the date you pay the ABSD till you are required to sell off HDB within 6 months from TOP, you are eligible for ABSD remission.

The law firm you will be using for the purchase can assist you in the remission so not to worry about it. If you like to, you can speak to the sales manager of the law firm my clients always use for further clarification.

By the way, have you think of growing your property portfolio before?

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YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
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Propnex Realty Pte Ltd
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Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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Dear Sir/Ma’am:

We will be glad to assist you. Kindly write to us on realproperty63@yahoo.com.sg or call us on 93380071  .

Kind Regards,
Radhika Prakash
Edmund Tie and Company
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