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If I am a foreigner buying a Singapore property in trust for my daughter, who is also a foreigner, is ABSD (Trust) remission applicable?

Updated by IRAS

ABSD (Trust) remission may be granted if the conditions under the Stamp Duties (Trusts for Identifiable Individual Beneficiary) (Remission of ABSD) Rules 2022 are met.

The amount refunded will be the difference between the ABSD (Trust) paid and the ABSD based on the highest profile of the beneficial owner(s) of the property.

You may refer to Remission of ABSD (Trust) for more information on the remission conditions.

Topics:

Stamp DutyAdditional Buyer's Stamp Duty (ABSD)

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