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Good afternoon C T,

Do take note that the transfer of ownership from your husband, for instance 50%, will be subject to buyer stamp duties (5% ABSD + 3% BSD) as well. But the overall effect will be lesser compared to both of you purchasing a second property together (10% ABSD + 3% BSD).

I can pass you the contact of legal conveyancing manager that always handle my cases for further enquiries.

Hope to hear from you soon! 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 Ms C.T,

The transfer comes in two types, by way of gift or by way of transfer. By way of transfer is more complex. different types incurs different charges on procedures. Do give me a Call, SMS or Email to understand more. My legal counterpart and I have successfully assisted many clients with these requests. Thanks.

Carel Yong,
Propnex Realty Pte Ltd
Assoc. Team Director
Cea reg: R041799A
Mobile: +65 92273334  Read More

Good evening C T,

Stamp duties are payable even by way of gift. Because when there's a transfer of ownership, stamp duties will be payable.

In regards to your earlier post, you can either choose to 1) buy private then sell or 2) sell then purchase.

The main difference is when you purchase first, you have to fork out ABSD first and apply for remission if you sell your current house within 6 months as IRAS will treat your new property as only property both of you have in Singapore. And when you sell first, you don't have to worry about ABSD as IRAS will treat that you don't have any property at the moment. But you have gauge your timing correctly, if not you might have to find temporary accomodation before shifting to new house.

Btw if you need any legal referral, I am able to introduce so as to further advise you on decoupling, stamp duties etc.

Hope to hear from you soon! 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