Asked by Anonymous
My dad want to transfer to me his ownership of a HDB flat he owns with my mum (50%). Do I have to pay Stamp Duty for the transfer? If yes, would it be based in 50% of the valuation (eg. if the flat is valued at $100, I will pay stamp duty based on 50% of 100K, i.e. $50K)?
What if I have an existing property? Do I have to sell my property? If I want to keep my existing property, does it mean I have to pay Additional Buyer Stamp Duty (another 7%)?
Thank you for advice
What if I have an existing property? Do I have to sell my property? If I want to keep my existing property, does it mean I have to pay Additional Buyer Stamp Duty (another 7%)?
Thank you for advice
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