ABSD for multiple buyers – Property in Singapore for sale
Property in Singapore for sale – For purchase made by multiple buyers with different profiles, the ABSD is payable as follows:
- If the property is jointly bought (either joint tenancy or tenancy-in-common) by buyers with different profiles, the higher ABSD rate will apply (except for married couples with mixed residency status buying a matrimonial home), regardless of his share in the interest of the property.
- For example, if a foreigner, a Singapore PR and a SC jointly buy a property, with each owning a one-third share, the ABSD rate of 15% applicable to the foreigner shall apply.
- The amount of ABSD payable will be calculated based on 15% of the price or full value of the property.
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