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My husband and i currently own a condo (50% ownership each). However, i would like to purchase a 2nd condo in the next few months. In order to avoid ABSD, can i transfer my 50% ownership to him as a gift? Will he need to pay me anything?
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3 Answers

Hi,

I should have a solution for you. May I have more details so to make better recommendations? Thanks and hope to value-add further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
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John Tan 奕欣
Hi there!

I understand your property plans and have helped similar cases before.

Stamp duties and legal fees payable in this case, assuming no outstanding bank loan.

Hope this helps!

John Tan YS
ERA Realty Network Pte Ltd
R012788H
facebook.com/johntys
powersginvest.com
 +65 9633 8431  Read More
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Hi Mdm,

This is definitely possible. I have clients who did this before exercising the option for their 2nd property. You may wish to engage a lawyer who may be in a better position to advise you on the procedures. If you do not know any lawyer who is proficient on this, do feel free to contact me at 9644 4854  !

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

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