If I own a private property jointly with my spouse and purchase a second private property in my sole name, can I apply for ABSD remission by selling the first property within six months of signing the option to purchase the second property?

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Accepted Answer

No. To qualify for ABSD remission, the purchase of second residential property must be a joint purchase by a married couple where at least one spouse is a Singapore citizen and all other remission conditions are met.

You may refer to Remission of ABSD for a Married Couple for more information on the remission conditions.

If I own a private property jointly with my spouse and purchase a second private property in my sole name, can I apply for ABSD remission by selling the first property within six months of signing the option to purchase the second property?

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Related questions

I am a Singapore Citizen married to an Singapore Permanent Resident. Both of us do not own any property in Singapore. If we jointly purchase our first matrimonial home, do we need to pay Additional Buyer’s Stamp Duty (ABSD)?

I am a Singapore Citizen married to a Singapore Permanent Resident. We jointly own a private apartment. If we buy another completed house jointly, what is the Additional Buyer’s Stamp Duty (ABSD) payable by us?

As a Singapore PR marrying a Singaporean, can we get Additional Buyer's Stamp (ABSD) remission on our first jointly bought private property if we marry within 6 months of purchase?

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