Asked by Mr. Sathish Meyyappan
Me and my spouse are Singapore permanent residents.
I am currently in the process of selling my HDB and buying private property jointly.
OTP for HDB has been issued to a perspective buyer and also we have received the option for a private property.
We need to exercise the option of the private property before 13th July and we are not sure whether our HDB buyer will exercise by this date.
In the event that he does not exercise then I am liable to 15% ABSD considering private property as my 2nd property
My question is will I be able to appeal for ABSD refund of 10% in the event that I managed to sell my HDB property within 6 months period.
Kindly help to review and advise.
Regards,
Sathish
I am currently in the process of selling my HDB and buying private property jointly.
OTP for HDB has been issued to a perspective buyer and also we have received the option for a private property.
We need to exercise the option of the private property before 13th July and we are not sure whether our HDB buyer will exercise by this date.
In the event that he does not exercise then I am liable to 15% ABSD considering private property as my 2nd property
My question is will I be able to appeal for ABSD refund of 10% in the event that I managed to sell my HDB property within 6 months period.
Kindly help to review and advise.
Regards,
Sathish
118 views