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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?

Updated by IRAS 9 found this helpful

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.

Topics:

Stamp DutyAdditional Buyer's Stamp Duty (ABSD)

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