Results 1 to 8 of 8

Thread: Stamp duty query

  1. #1
    Join Date
    May 2010
    Posts
    171

    Default Stamp duty query

    If a person bought a condo under his parent's name as he currently holds a hdb and still within mop, what happens when the parent passed on before mop is up? Assuming there is a will which stipulates the condo as a bequest to this fellow, does he needs to pay stamp duty to take over the condo?

    Also, since his hdb mop is not up, can he take ownership of both hdb and condo?

  2. #2
    Join Date
    Aug 2011
    Posts
    1,516

    Default

    should not be a problem on inheriting the condo from his/her parents.


    estate duty was already lifted. But subjected to changes again.

  3. #3
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    I read somewhere that condo has to be sold but given some time to do it.

  4. #4
    Join Date
    Aug 2011
    Posts
    1,516

    Default

    Quote Originally Posted by DC33_2008
    I read somewhere that condo has to be sold but given some time to do it.
    I thought have to sell away HDB if it is inherited and do not satisfy the requirement.

  5. #5
    Join Date
    Aug 2009
    Posts
    3,943

    Default

    need to sell the condo within 6 months if Im not wrong...

  6. #6
    Join Date
    Nov 2008
    Posts
    8,013

    Default

    I've read that private property owners inheriting a HDB flat can keep both units if MOP is met. I suspect that HDB flat owners can definitely inherit private property but must continue to stay in HDB if MOP is not met. Its rather ruthless to demand that the inheritance be sold because of some rules. It may have sentimental values. If got problem, can always write to HDB who will always assess the situation case by case. Special provisions may be given...

  7. #7
    Join Date
    Jun 2009
    Posts
    2,309

    Default

    Quote Originally Posted by ysyap
    I've read that private property owners inheriting a HDB flat can keep both units if MOP is met. I suspect that HDB flat owners can definitely inherit private property but must continue to stay in HDB if MOP is not met. Its rather ruthless to demand that the inheritance be sold because of some rules. It may have sentimental values. If got problem, can always write to HDB who will always assess the situation case by case. Special provisions may be given...
    This is an appeal case. See MP for help. Etc.
    If law by law, I think gotta sell condo.

  8. #8
    Join Date
    Aug 2009
    Posts
    3,943

    Default

    Quote Originally Posted by DKSG
    This is an appeal case. See MP for help. Etc.
    If law by law, I think gotta sell condo.
    no use to appeal,
    the policy is very clear....

Similar Threads

  1. Wah just realised stamp duty quite a lot...
    By radha08 in forum Singapore Private Condominium Property Discussion and News
    Replies: 23
    -: 28-02-12, 20:57
  2. Stamp duty vs discount
    By irisng in forum HDB, EC, commercial and industrial property discussion
    Replies: 4
    -: 13-12-11, 14:28
  3. stamp duty
    By drunk in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 27-01-11, 23:56
  4. Stamp Duty
    By sushi in forum Finance and Legal
    Replies: 13
    -: 07-10-09, 15:39
  5. When do I have to pay stamp duty?
    By mr funny in forum Finance and Legal
    Replies: 2
    -: 01-07-08, 23:01

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •