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?
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.
Related questions
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?
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?
Will a Singapore Citizen purchasing an HDB flat jointly with a spouse who is either a Singapore Permanent Resident (SPR) or a Foreigner incur Additional Buyer's Stamp Duty (ABSD)?
Need more help?
Get in touch