Tag: property trust singapore

Kid getting house keys

What you need to know about the new ABSD (Trust): 35% rate + conditions for remission

35% Additional Buyer’s Stamp Duty (ABSD) will now apply for any transfer of residential property into a living trust from 9 May onwards, as announced by the Ministry of Finance late on 8 May. Previously, the Buyer’s Stamp Duty (BSD) was payable for the transfer. Depending on the profile of the beneficiary, ABSD might also…

Successful privileged young Asian man in front of bungalow

3 harmful social consequences of parents buying property in trust

Since the property cooling measures were announced last December, some prospective homebuyers have been interested in buying properties under their kids’ names. Buying property in your child’s name is certainly one way to get around the raised ABSD (Additional Buyer Stamp Duty) rates of 17% to 30% per investment property. The rate depends on how…

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