I am an owner of an HDB and have inherited a private property. Is Additional Buyer's Stamp Duty (ABSD) payable on the inherited property?
Stamp duty is not payable on the transfer of property through an assent to the beneficiaries in accordance to the Will, Intestate Succession Act, or Muslim Law of Inheritance. Therefore, Additional Buyer's Stamp Duty (ABSD) is not applicable to the inherited property.
However, the inherited residential property will be included in the property count when determining the ABSD rate for any subsequent residential property purchase.
Related questions
Will Additional Buyer's Stamp Duty (ABSD) be payable if property owners inherit another residential property (HDB/Private)?
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 own a company and had purchased an HDB shophouse under the company's name. If I am to de-register my company and transfer the shophouse to myself, will Additional Buyer's Stamp Duty (ABSD) be payable?
If a Singapore Permanent Resident (SPR) couple jointly owns a private condominium unit and has already paid Additional Buyer's Stamp Duty (ABSD) upon the initial purchase, is ABSD payable again when one party sells/transfers their share to the other party?
Need more help?
Get in touch