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My parents bought our 4 room flat in 1989. In year 2000, I added my name as joint-tenancy to the flat so as to use my CPF to make payments to the flat. Do I need to pay levy if we sell the flat to purchase a new flat, with me as sole-owner to the new flat?
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2 Answers

Mike Lim
Replied
Morning Jeffrey,

You would need to know the following before getting an answer to your questions:
Did you parents purchase the unit in the resale market or was it a new flat?
If it's a resale market, did they enjoyed any Housing Grant and HDB loan?
Are you aware that new HDB flat are normally opened to married couples?

Do feel free to contact me, if you need any further assistance.

Mike Lim
 96929209 
ERA Read More
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  • OJ
    Replied
    Hi Mike,
    Thanks for the reply. Made a mistake, I'm thinking of purchasing a resale flat... back in 1989, my parents purchased this flat as a new unit. With that, do I need to pay levy, if I purchase a 4-room resale unit?
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