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Geryl Lim
Replied
Dear sir/mdm,

Do take note that relevant stamp duties will still be applicable for decoupling. As we are unsure of your intentions to decouple, it will be more appropriate to speak to the lawyers to gather more details and understand better. If you require a law firm to speak to, we can always direct you to our trusted partners.

Let us know how we can assist further.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Geryl Lim
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Ling CK
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Hi,

1) Decouple is a process of removing one owner from a joint-tenancy or Tenancy-In-Common from a couple-owned property.
2) Usually it is done by selling and buying to remove one of the owners.
(a) The buying party must have the financial capacity to buy over.
(b) Both parties have to engage their own lawyer to complete the process. This could also be done by engaging one law firm and getting them to recommend another to process.
(c) The buying party is subject to buyer stamp duty.
(d) If this property was purchased within 3 yrs, then the selling party will incur seller stamp duty.

3) To give away own share to the other party without any monetary consideration, then this is considered a gift.
4) There is a gift stamp duty of which the rate is equivalent to buyer stamp duty. The accepting party will have to bear the cost.
5) In order to give away as a gift, the property must be free of the outstanding loan and was not financed using CPF.
6) If CPF funds were utilized, the donor must return the utilized CPF + accrued interest in order to complete the giving process.
7) Law firm must be engaged to complete this process.

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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