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?

Question

Accepted Answer

Single Singapore Citizens aged 55 years and above may be eligible for a refund under the ABSD Concession for Single Singapore Citizen (SC) Seniors Remission, provided all remission conditions are met.

One of the eligibility conditions for ABSD refund is that the value of the second residential property is less than the value of the first residential property sold.

Do ensure that all conditions are met before applying for a refund under this remission.

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?

Topics:

Related questions

Can a Singapore Citizen married couple claim an Additional Buyer's Stamp Duty (ABSD) refund if they sell their jointly owned HDB flat before their newly purchased condominium receives its Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC)?

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)?

If I am a Singapore Citizen purchasing another residential property before disposing of my existing residential property, can I apply for a refund of ABSD after the existing property is sold?

Do I need to pay Additional Buyer's Stamp (ABSD) upfront when buying a smaller private property if I'm over 55, currently own one private property, and plan to sell it within 6 months of the new purchase?

Need more help?