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Hi,

Stamp duties are payable for all transfer by way of gift. Whether is there ABSD or not depends on the number of properties the party taking over the property owns at the point of transfer.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1) Any transfer of share in property whether in terms of the gift or via part-sale shall be subject to buyer stamp duty.
2) If receiver only property is part share of this property and after transfer of the share. The total count of the property remained as one, no ABSD will be incurred in this process. Assuming the receiver is an SC.
3) The IRAS will count the number of properties owned in Singapore by an individual after any transfer.
4) ABSD shall apply accordingly and does not care whether the property is co-owned or sole owned. But the ABSD amount will be charged according to the value of the share transfer.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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