AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I am a singaporean and I purchase a new condo with my fiancee in 2013 on a 50-50 spilt. If i wish to transfer the 50% of her share of the flat to me, is she subject to SSD and would i also be subjected to BSD on the transfer? If so, what is the amount i have to pay?

This is my first property
0 •
850 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Alice Ng 黄素芳
Replied
Hi Scott,

If you are transferring within 1st year of your purchase, your fiancée's SSD is 16% of price or market value, whichever is higher, of the 50% share. If you are in the 2nd year, her SSD rate is 12%.

As for BSD for Singaporean's 1st property, it's computed at 1% for the 1st $180K, 2% on next $180K and 3% thereafter.

You may wish to consult tax/legal professional for further follow up.

Best regards,
Alice Ng
 97578530 
aalicefang@gmail.com
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions