Asked by Downgrader
My husband and I own an EC since TOP 2005, we have fully paid off this property. We plan to transfer EC ownership to our parent and so that we could purchase a resale HDB. From what I learn from friends, we need to engage a lawyer for EC owner name change – what is the usual cost? Are we able to avoid buyer stamp duty if we indicate the transfer as a gift? How about the CPF monies we utilized for the EC purchase, must our parent paid back the amount into our CPF account, if yes can we top it back with cash?
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