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?

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Accepted Answer

HDB shops with living quarters or shophouses with a portion permitted for residential use are considered residential properties.

Therefore, ABSD may be payable on the transfer of the HDB shophouse, depending on your profile in terms of residency status (whether you are a Singaporean citizen, permanent resident, or foreigner) and the number of residential properties owned at the point of transfer.

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?

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