The move comes after the Government announced its most recent round of property cooling measures on Dec 15.SINGAPORE - Transfers of residential properties into a living trust will be subject to an additional buyer's stamp duty of 35 per cent from Monday , the Ministry of Finance announced on Sunday.
The move comes after the Government announced its most recent round of property cooling measures on Dec 15, under which the ABSD was raised to 17 per cent from 12 per cent for Singaporeans buying their second property. The ABSD may also be payable, depending on the profile of the beneficial owner of the property transferred into the trust.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Additional buyer's stamp duty of 35% to apply on any transfer of residential property into living trust from May 9SINGAPORE — Additional buyer’s stamp duty (ABSD) 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 (MOF) announced on Sunday (May 8).
Source: TODAYonline - 🏆 1. / 99 Read more »
Additional buyer's stamp duty of 35% to apply on any transfer of residential property into living trust from May 9SINGAPORE: Additional buyer’s stamp duty (ABSD) 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 (MOF) announced on Sunday (May 8). ABSD will be payable even if there is no identifiable beneficial own
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Additional buyer's stamp duty of 35% to apply on any transfer of residential property into living trust from May 9SINGAPORE: Additional buyer’s stamp duty (ABSD) 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 (MOF) announced on Sunday (May 8). ABSD will be payable even if there is no identifiable beneficial own
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Additional buyer's stamp duty of 35% to apply on any transfer of residential property into living trust from May 9SINGAPORE — Additional buyer’s stamp duty (ABSD) 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 (MOF) announced on Sunday (May 8).
Source: TODAYonline - 🏆 1. / 99 Read more »
Freehold corner semi-detached house in Mayflower Gardens selling from $5 milThe two-storey house will be put up for auction on May 26 (Photo: Knight Frank)SINGAPORE (EDGEPROP) - A two-storey freehold semi-detached house in Mayflower Gardens, located in District 20’s Ang Mo Kio area, is up for auction on May 26. The property is an estate sale, according to Tricia Tan, deputy director of auction and sales at Knight Frank Singapore, who is handling the auction.See also: Four-bedroom unit at St Regis Residences for sale at $15.5 milThe property has a guide price ranging bet
Source: YahooSG - 🏆 3. / 71 Read more »