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My father has a corner 3 bedroom HDB as a gift from my grandma who's no longer with us, if we were to sell it and purchase another hdb to live in would there be a tax levied when either selling or purchasing in this case.
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4 Answers

Hi,

Have you met your MOP of 5 years? If so, and
If this 3-rm was a subsidized flat, and you are purchasing another subsidized flat (such as BTO), a resale levy will apply. To clarify your case since it was inherited, its better to call up the hdb office.

If you are purchasing another resale flat without grant, there will no resale levy. Thanks and hope to value-add further to your housing plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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GAN ENG JOO ONASSIS
Hi Thomas,

Re: Our Preferred Experienced SG Realtor

Situations in which a resale levy is payable
You need to pay a resale levy in either of these cases:

You sell your subsidised flat after meeting the Minimum Occupation Period (MOP), and then buy a second subsidised flat from HDB or take over ownership of a subsidised HDB flat
You sell your subsidised flat after meeting the MOP, and then buy an EC from a developer where the land sale was launched on or after 9 December 2013, including those where tenders were not closed, i.e. Westwood Avenue, Canberra Drive and Anchorvale Crescent
You need not pay a resale levy if you are buying any of these:

Design, Build and Sell Scheme (DBSS) flat from a developer
EC from a developer; where the land sale was launched before 9 December 2013
HDB resale flat
Private residential property

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

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Afternoon Thomas,

We would need to know if your current unit was purchased directly from HDB. If so, resale levy would be payment.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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call me and i will shared with you not only the procedures, I will also shared with you how to sell your property in the shortest period of time in this awefully challenging period of time.

regards
Patrick Lee
 93299559 
sgpropertyguy@gmail.com Read More
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