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Hi Mdm,

Your husband can do a part sale of the property to you. Yes it will incur a buyer stamp duty and and additional buyer stamp duty of 5% as you are a SPR. The stamp duty payable will be based on the market value of the share of the property that he is selling to you.

Please feel free to contact me if you need any other assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

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Susana (Buyer) Read More

Hi Mdm,

Stamp duty is applicable for all transfers, and the amount will depend on your Citizenship status and the value of the percentage of shares transferred.

May I know if the property is a HDB flat or a private property?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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

Hi

1) Are you referring to HDB or Condo?
2) Stamp duty is applicable for all transfer
3) Stamp duty amount will depend on your Citizenship status, how many property that you have in Singapore and the percentage of shares.

I will be glad to assist
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

If you are referring to private property, your husband is able to do a part sale of the property to you. The approx 3% Buyer Stamp Duty and Additional Buyer Stamp Duty of 5% will apply as you are SPR getting your 1st residential property purchase.

If he sells 50% of the ownership share to you, the stamp duty calculation will be based on 50% of the market value of the property, to be determined by IRAS and the eventual bank valuation. So for example a property with a $1million market value, the stamp duties will be based on $500k if 50% of the ownership is sold to you. And it will work out to $34.6k.

Legal fees of approx 5k - 6k will also apply as you need 2 law firms to work on the conveyancing process.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
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ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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Hi,

1) By adding a name to the property is not just a legal document but is always a part sale process.
2) There are 2 types of ownership to a property that you can choose from:
(a) Joint Tenancy: all owners will have an equal share. The rule of survivor takes all applied.
(b) Tenancy-In-Common: All owners will have to agree upon the amount of share each holding. Each owner can will his share to anyone after death.
3) If you need a bank loan for buying over part share, the bank will arrange a valuer to do an assessment on the property to determine the value.
4) The stamp duty will be the Buyer Stamp Duty (~3%) + Additional Buyer Stamp duty (5%).

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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