Are you trying to find out more about ABSD?
Here are some useful questions most HDB Upgraders & investors ask about ABSD.
- How much absd do I need to pay?
- I am a Singapore Citizen and my spouse is a PR / Foreigner, do we have to pay ABSD?
- Can i own two properties without paying ABSD?
- Can i avoid paying ABSD?
- Is it true that i do not need to pay ABSD if i buy under Trust?
Scroll down to find out the answers!
If both of you have no property under your name and this is your first matrimonial property (buying under both names), no absd is payable.
Yes, for co-owners you can consider doing a decoupling on your current property to free up one name for the purchase of your second property without paying absd (subject to citizenship).
Unfortunately, we cannot avoid paying ABSD. But, there are methods in which we can take advantage of ABSD to work in our favor. This has benefited many of my clients who have to pay ABSD for their properties.
With the latest regulation introduced on 9th May 2022, any transfers of residential properties into a living trust is subject to an ABSD of 35 per cent. Hence, it is not true and you do have to pay ABSD buying under Trust.
Still have queries and want to find out more?
- Learn how to take advantage of ABSD and use it in our favor
- Forward planning to avoid paying ABSD in the future
- Proper timeline and financial planning for decoupling
- Understand the pros and cons for doing part-share like 99-1
- Clarify on your ABSD tier and how much ABSD is payable base on your citizenship and property count
Schedule a quick chat with me here
Here is one of the many families I have helped
Michelle Liew
Stella Lim
Michele Tang
Schedule a quick chat with me here
Schedule a quick chat with me here
