My wife and I are SC and we jointly own an apartment. We intend to jointly purchase a terrace house that is under construction. Do we need to pay Additional Buyer's Stamp Duty (ABSD)?
The ABSD of 17% is payable as the terrace house will be your second property. However, if you dispose of your apartment within 6 months from the date of TOP/CSC (whichever is earlier) of the terrace house, you may be eligible for the refund of ABSD.
Related questions
My wife and I are Singapore Citizen and we jointly own an apartment. We intend to jointly purchase a terrace house that is under construction. Do we need to pay Additional Buyer’s Stamp Duty (ABSD)?
I am a Singapore Citizen currently owning only one private apartment. I am considering selling it and buying a terrace house. Do I have to pay Additional Buyer's Stamp Duty (ABSD) when I buy the terrace house?
I am a Singapore Citizen married to a Singapore Permanent Resident. We jointly own a private apartment. If we buy another completed house jointly, what is the Additional Buyer’s Stamp Duty (ABSD) payable by us?
I am a Singapore Citizen currently owning a 20% share in a house co-owned with my mum. Should my mum transfer her 80% share of the house to me, do I need to pay ABSD? If I were to buy another private flat after that, what would be the Additional Buyer’s Stamp Duty (ABSD) rate?
Need more help?
Get in touch