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My husband bought a condo in April 2016 after marrying me. The condo is under his name. And now we want to put it under my name and I pay loan. How to make it happen? What kind of tax will occur ? What is the process for 100% transferring to me? Can I take it as a gift?
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4 Answers

Hi, you may wish to consult a lawyer with regards to transferring of property by way of gift.

Regards
Aaron
 9730 8455 
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  • ZZ
    Thanks for the reply. What kind of tax will occur if we wish to transfer but not gift? Do we need to wait for 4 years before the process kicks off?
Robbie Chen Chee Howe
Hi Mdm,

There will be stamp duties involved in such transfers. However, I need to know more information from you before I can give you a more appropriate recommendation.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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YT Tan (陈永达)
Good evening Mdm,

Do take note that the property will still be in the 4 years seller's stamp duty ownership period. So if you do any ownership transfer, there will be SSD payable.

On top of that there will be stamp duties involved as well.

If you wish to pay the mortgage, you can simply become a 1% owner. Less stamp duties involved.

If not perhaps you can share more with me so I will be in a better position to advise you further.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
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Propnex Realty Pte Ltd

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Hi Sir/Madam

Please contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a for non obligation discussion.
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com
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