I had have inherited a property. Will this be included in my property count for ABSD purposes?
Yes. For ABSD purposes, your property count includes not only properties that are purchased, but also those acquired or transferred through other means such as:
- Inheritance
- Gift
- Release
- Settlement
- Declaration of trust (where the beneficial owners are identifiable)
- Letter of authority
- Exchange
As such, an inherited property will be included in your property count when determining ABSD liability.
Related questions
I am an owner of an HDB and have inherited a private property. Is Additional Buyer's Stamp Duty (ABSD) payable on the inherited property?
If I own an HDB shophouse, will it be included in my property count for ABSD purposes?
Will Additional Buyer’s Stamp Duty (ABSD) be payable if an individual or a company inherits a residential property (HDB or private), especially when the beneficiary already owns one or more residential properties?
Do I need to pay stamp duty if I receive a property by way of gift?
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