New rule plugs loophole of buying residential property via trusts to avoid ABSD

May 09, 2022 10:28 PM

SINGAPORE – Cash-rich buyers who have been circumventing additional buyer’s stamp duty (ABSD) regulations by making residential property purchases via trusts that are conditional or revocable may no longer be able to use that loophole.

Source : https://www.straitstimes.com/business/property/new-rule-plugs-loophole-of-buying-residential-property-via-trusts-to-avoid-absd