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?

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Accepted Answer

Generally, when an individual acquires any interest in a property, it counts as an additional property for ABSD purposes.

However, if an individual acquires additional interest in a property, they already co-own, the "Transfer of Interest in Property which Buyer has Interest" rule may apply.

Under this provision, the ABSD rate is calculated based on the existing property count, rather than treating the transfer as a new property acquisition.

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?

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Related questions

I am a Singapore citizen planning to jointly purchase our first matrimonial home with my foreign spouse. As this is our first property, are we required to pay Additional Buyer's Stamp Duty (ABSD)?

If I, a Singapore Citizen, sell my HDB flat that is jointly owned with my husband, who is a Singapore Permanent Resident, and subsequently purchase a private residential property jointly with him, will Additional Buyer's Stamp Duty (ABSD) be payable?

If my spouse and I dispose of our jointly owned residential property and subsequently purchase one residential property each under our respective names, will Additional Buyer's Stamp Duty (ABSD) be payable?

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