SUBSCRIBERS
Opposing collective sale doesn't exempt owners from stamp duty
Published Tue, Nov 20, 2018 · 09:50 PM
Singapore
IN a collective sale of private homes, residents who oppose it will still have to pay any seller's stamp duty that applies to them.
"If the sale occurs within the holding period, the seller's stamp duty is applied, regardless of whether an individual owner consented to or opposed the sale," said Second Finance Minister Lawrence Wong in Parliament on Nov 20.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
US mortgage rates up for fifth week at 7.22%
Amsterdam parking space up for grabs for half-a-million euros
Where innovation and play meet: Singapore Science Park welcomes new ‘mini city’ concept