hi,
first time condo owner here and i just purchased a unit that has not top yet.
already given the 1% and the 4% next week.
so who is supposed to pay the stamp duty.the buyer or the seller?
thanks for any help rendered
hi,
first time condo owner here and i just purchased a unit that has not top yet.
already given the 1% and the 4% next week.
so who is supposed to pay the stamp duty.the buyer or the seller?
thanks for any help rendered
Buyer (you) pays. Seller stamp duty is seller's problem.
You just need to focus on your role:-
1% option, cash
4% exercise, cash (before option expired)
3% stamp duty (within 2 weeks), cash but claimable from CPF
95% - Loan% = Remaining % (at least 1 week before completion). Assuming 80% loan, you need to pay 15%. Usage of CPF up to 10% here.
Originally Posted by drunk