I was not adjudged a bankrupt when I sold my private residential property. However, I was adjudged a bankrupt shortly after I sold my property. Can I qualify for Seller's Stamp Duty (SSD) exemption and seek a refund of the SSD paid on the sale?
If you were not adjudged a bankrupt at the time of selling your private residential property, you would not qualify for the SSD exemption given to an adjudged bankrupt who has to dispose of the property as a result of bankruptcy.
Therefore, you would not be able to seek a refund of the SSD paid on the sale.
Related questions
Do I need to pay any stamp duty if my husband transfers his share of property to me due to our divorce? If I am to sell the property subsequently, will I incur Seller's Stamp Duty (SSD)?
My wife and I purchased a private residential property on 1 Oct 2005. On 10 Mar 2022, my wife transferred her half share of the property to me by way of gift. As a result, I became the sole owner of the property. I sold the property on 1 Sep 2022. As I have been an owner and occupant of the property since 1 Oct 2005, do I need to pay Seller's Stamp Duty (SSD) on the sale?
If the seller and I mutually agree to cancel the property transaction before the completion of sale, am I eligible to request for stamp duty refund?
I am a bankrupt and am planning to sell my property. How much do I need to refund to my CPF account?
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