I am a Singapore Citizen currently owning a private flat. If I were to downgrade to an HDB resale flat, do I have to pay Additional Buyer’s Stamp Duty (ABSD) on the HDB resale flat?
As HDB’s rules require buyers to dispose of their private properties within 6 months of the resale flat purchase, ABSD remission will be given upfront to purchasers of HDB flats. Hence you would not need to pay ABSD when you purchase the flat.
Related questions
I am a single Singapore Citizen and currently own a condominium unit. If I buy a resale HDB flat, do I have to pay Additional Buyer's Stamp Duty (ABSD)?
I am a Singapore Citizen and had purchased an HDB flat with my fiance/fiancee who is an SPR. Is Additional Buyer's Stamp Duty (ABSD) payable?
I am 55 years old and own a resale HDB. If I would like to buy a new private condo, can I get an Additional Buyer's Stamp Duty (ABSD) refund if I sell my HDB flat?
If I am in the process of obtaining my Singapore Citizenship or Singapore Permanent Resident at the time of purchase, can I later apply for a remission to enjoy lower Additional Buyer’s Stamp Duty (ABSD) rates based on my new status?
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