By MoneyBees
Stamp duty and cash to buy a share of a home: BSD and ABSD on the share, the lower ABSD when you already own part of it, and the bank loan on the share.
Yes. Buyer's Stamp Duty applies to the share you buy, and ABSD too if your profile attracts it. IRAS charges both on the higher of the price you pay and the market value.
Yes. As long as you own any interest in a home, IRAS counts it as a property you own, whatever the size of the share.
It depends on what else you own. A citizen whose only home is this one pays no ABSD on buying more of it. A citizen who owns this and one other home pays 20% instead of 30%, and a PR whose only home is this one pays 5% instead of 30%.
You must be buying more of a single home you already have an interest in, any other buyer in the same transfer must have a lower ABSD rate than you, and the home must not be partnership property or, from 9 May 2022, held on trust.
MAS's rules look at the price and valuation of the part share. With no other home loan, the limit is usually 75% of the lower of the two, with at least 5% in cash.
HDB allows a part-share resale at an agreed price, but not between a married couple. Adding or removing owners without a sale is limited to immediate family, with at most 4 owners.
Seller's Stamp Duty if they sell within the holding period, and a refund of the CPF they used plus accrued interest to their own CPF account. The decoupling cost calculator works this out.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).