As you can see, the more expensive your property, the higher the overall BSD rate you’ll be forced to pay. So, buyers $17 million properties at Sentosa Cove, take note.In addition to the BSD, there is also the Additional Buyer’s Stamp Duty , which has increased since 16 December 2021.
In other words, it artificially raises the property prices for everyone except Singapore Citizens buying their first residential property. In the past, you didn’t have to pay ABSD for your property if the house doesn’t have any beneficiary specified in the living trust/ will. So, if you’re drafting a will because you’ve got a HDB, condo, and plan to split them amongst your spouse and children, you might want to take note of this 35% ABSD.There are some cases where you don’t need to pay ABSD even as a foreigner or PR.and you don’t own any residential property currently, you don’t have to pay ABSD.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.