A property trust to beat ABSD? Beware the drawbacks
Taking such a route would cripple financing options and is equivalent to an 'advance inheritance': lawyers
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Nisha Ramchandani
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Singapore
FACED with more prohibitive stamp duties on second and subsequent purchases of residential property, some Singaporeans are exploring a trust vehicle to circumvent the latest cooling measures.
While the potential savings may be a lure, lawyers say the restrictive characteristics of such trusts may prove a dampener.
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