SINGAPORE: Additional buyer’s stamp duty of 35 per cent now will apply on any transfer of residential property into a living trust occurring on or after May 9, the Ministry of Finance announced on Sunday .
Currently, buyer’s stamp duty is payable when a residential property is transferred into a living trust. "Arising from its periodic policy review, the Government will introduce ABSD at 35 per cent, to address and close this gap," it added.
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