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msleizhou LV15
发表于 14-2-2012 17:48:48
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Purchase Made by Multiple Buyers with Different Profiles
If the property is jointly bought (either joint tenancy or tenancy-in-common) by buyers with different profiles, the higher ABSD rate will apply, 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 10% applicable to the foreigner shall apply. The amount of ABSD payable will be calculated based on 10% on the price or full value of the property.
Remission applies to purchases by married couples of certain profile.
Purchase by Married Couples with Mixed Residency Status (SC-PR, SC-Foreigner and PR-Foreigner)
The general rule of applying a higher ABSD rate in respect of a joint purchase of a property may not apply to a joint purchase of a matrimonial property in some situations (denoted with "#" in ABSD Rates for Joint Purchases made by Married Couples).
The lower ABSD rate may apply by way of remission. An application for the remission has to be submitted to IRAS.
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