Good morning,
ABSD will be based on the residency status of the owner that will be taking over the ownership of the outgoing party.
If you are taking over, it will be 5%.
For instance, 50% ownership x valuation of property x 5% ABSD.
Other expenses will be:
1) legal fees for two lawyers
2) buyer's stamp duty
3) seller's stamp duty if applicable
Care to share why both of you are thinking of decoupling?
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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