Asked by Mr. SC Ding
how is the tax to buy the 1st property, couple with only one SPR? 5% or 15%?
747 views
2 Answers
Good afternoon SC,
what is the profile of the other buyer? SC or SPR or foreigner?
If unmarried SC/ SPR and SPR buying first property, it will be 5% additional buyer's stamp duty on top of the usual 3% buyer's stamp duty.
If married couple with at least one SC, there won't be any ABSD. Only subject to BSD as IRAS will treat the first property as their matrimonial home.
Hope my explanation helps!
If you need any assistance in your property purchase, feel free to contact me. Cheers!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): yttan.stproperty.com.sg/
(W) www.lovelyhomes.com.sg
(W) www.ecgproperty.com Read More
what is the profile of the other buyer? SC or SPR or foreigner?
If unmarried SC/ SPR and SPR buying first property, it will be 5% additional buyer's stamp duty on top of the usual 3% buyer's stamp duty.
If married couple with at least one SC, there won't be any ABSD. Only subject to BSD as IRAS will treat the first property as their matrimonial home.
Hope my explanation helps!
If you need any assistance in your property purchase, feel free to contact me. Cheers!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): yttan.stproperty.com.sg/
(W) www.lovelyhomes.com.sg
(W) www.ecgproperty.com Read More
Hi Mr Ding,
It makes a difference if the other party is a Singapore Citizen or Foreigner. If the partner is a Singapore Citizen and purchasing their first matrimonial home, the ABSD will not be applicable. Let me know if I may assist further.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop
Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com
M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
Our next exhibition is on 2nd and 3rd August 2014. If you have missed out successful exhibition on 10th and 11th May, do not miss this opportunity again. Register your interest to attend this showcase event now! Read More
It makes a difference if the other party is a Singapore Citizen or Foreigner. If the partner is a Singapore Citizen and purchasing their first matrimonial home, the ABSD will not be applicable. Let me know if I may assist further.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop
Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com
M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
Our next exhibition is on 2nd and 3rd August 2014. If you have missed out successful exhibition on 10th and 11th May, do not miss this opportunity again. Register your interest to attend this showcase event now! Read More