ABSD defer payment

[richwang]

May I know some details for defer payment of ABSD? IRAS charges 6% interest rates, how long can be deferred?

Thanks,
Richard

[Arcachon]

http://www.iras.gov.sg/irasHome/uploadedFiles/Quick_Links/e-Tax_Guides/Stamp_duty/Stamp_Duty_ABSD_on_Purchase_of_Residential_Properties_Revised_Edition.pdf

[kane]

No deferment.

[Pikachu1245]

No deferment.


But think got rebate of ABSD ,if selling first property for Singaporean couple/ family upon second property TOP ,right?

[Lemonlaw]

But think got rebate of ABSD ,if selling first property for Singaporean couple/ family upon second property TOP ,right?

It's refund of ABSD, not rebate.

Refund granted only when 1st property under joint name and 2nd property under joint.

Single name is NOT ELIGIBLE for any refund.

In doubt call IRAS stamp duties office.

[radha08]

ABSD= "a big stupid decision" TO BUY PROPERTY:doh::doh::doh: