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?

Question

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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