My spouse and I, both Singapore Citizens, purchased an HDB flat in which I am registered as an occupier. If I acquire a private property, will this purchase be counted as my second residential property and will Additional Buyer's Stamp Duty (ABSD) be payable?

Question

Accepted Answer

Occupiers of HDB flats are not considered beneficial owners of the flat; they are merely authorized by HDB to live there.

As a result, the HDB flat will not be counted as part of your property ownership for ABSD purposes. Therefore, ABSD will not be payable on the purchase of the private property.

My spouse and I, both Singapore Citizens, purchased an HDB flat in which I am registered as an occupier. If I acquire a private property, will this purchase be counted as my second residential property and will Additional Buyer's Stamp Duty (ABSD) be payable?

Topics:

Related questions

After my HDB flat's buyer has exercised the Option to Purchase (OTP), will I still incur Additional Buyer's Stamp Duty (ABSD) when purchasing a private condo?

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?

A Singapore Citizen who owns an HDB flat wishes to purchase a private condominium. Will Additional Buyer's Stamp Duty (ABSD) be payable if the HDB flat is sold upon the condominium's Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC) issuance?

Will Additional Buyer's Stamp Duty (ABSD) apply when a Singaporean and a Singapore Permanent Resident (SPR) jointly purchase their first HDB flat?

Need more help?