The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Nisha Ramchandani

Nisha Ramchandani

Published Tue, Aug 28, 2018 · 09:50 PM

    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.

    TRENDING NOW

    Ong Siew Kwee was convicted on one count each of abetting forgery, criminal breach of trust and lying under oath in May.

    Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    This sixth-generation model runs on a modified, stiffened chassis carried over from its predecessor.

    Toyota RAV4 Hybrid review: Why this is more of an engineering masterpiece than an EV

    Greater change also means more personal growth, said FedEx’s Asia-Pacific regional president Salil Chari on leading the logistics firm in a time of uncertainty.

    ‘Asia will be the growth engine’: FedEx’s Salil Chari on riding the AI boom

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More