In Singapore’s real estate landscape, the Additional Buyer’s Stamp Duty (ABSD), a supplementary tax added on top of the standard Buyer’s Stamp Duty (BSD). Whether you are a first-time homebuyer or a ...
SINGAPORE: New rules imposing an Additional Buyer’s Stamp Duty (ABSD) on residential properties transferred into a living trust will close a loophole in the existing system, said experts. But they ...
SINGAPORE (EDGEPROP) – The Singapore government aims to keep the property market stable, especially in the residential sector, through a number of cooling measures which include Buyer’s Stamp Duty ...
The mark of a true blue Singaporean isn’t how well he/she can follow the law, it’s about getting around it without breaking it. But all that becomes tricky when we’re talking about tax. Case in point: ...
The Inland Revenue Authority of Singapore (IRAS) isn’t letting property buyers off easy. Just a year after clawing back $60 million from those who used the 99-1 loophole to dodge Additional Buyer’s ...
SINGAPORE: 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) ...
SINGLE Singaporeans aged 55 and above will now be able to claim a refund of Additional Buyer’s Stamp Duty (ABSD) when they purchase a lower-value private property to replace their existing residential ...
AN AVERAGE of 250 property transactions per year from 2018 to 2022 were exempted from the Additional Buyer’s Stamp Duty (ABSD) imposed on foreign buyers due to a “national treatment” obligation ...
Additional Buyer's Stamp Duty (ABSD) for Singapore citizens buying their second and subsequent properties is 20% to 30%; permanent residents, foreigners and entities have to pay 5% to 65% from 27 ...
SINGAPORE – The Inland Revenue Authority of Singapore (Iras) has warned of fraudulent e-mails purportedly from the Monetary Authority of Singapore that seek payment for additional buyer’s stamp duty ...
PETALING JAYA: The introduction of a tiered clawback rate for developers’ additional buyer’s stamp duty (ABSD) in Singapore is positive for Malaysian property companies with ongoing developments there ...