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BT EXCLUSIVE

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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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.

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...

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