Good evening Mani,
Just to try getting the situation correct, you are a foreigner with 2 daughters where 1 of them is a SPR and the other a foreigner (US citizen). The daughter who is a foreigner (US citizen) wants to transfer her 1/3 share of property to either you or your SPR daughter.
In this scenario, the cheapest option to do this is to transfer to your SPR daughter, providing that this is the 1 and only residential property under the daughter's name, where the additional buyer's stamp duty involved is based on 1st property on top of the normal buyer's stamp duty, assuming that the current property is held under Tenancy In Common.
In removing the foreign daughter (US citizen) from the ownership, her name will be free to consider getting a property under her own name without ABSD in Singapore if that is the plan moving forward.
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772
Read More