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How to avoid SSD
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To avoid Seller Stamp Duty (SSD) for residential properties, you can consider the following exemptions:
1. Licensed housing developers governed under the Housing Developers (Control and Licensing) Act.
2. Public authorities (e.g., HDB and JTC) in exercising their functions and duties.
3. Residential property owners whose properties are acquired by the Government under the Land Acquisitions Act.
4. Individuals who are adjudged bankrupt and required to dispose of their residential properties.
5. Companies disposing of residential properties upon involuntary winding up.
6. Foreigners required to sell their residential properties under the Residential Properties Act.
7. HDB flat sellers or transferors under the Selective En bloc Redevelopment Scheme (SERS) or re-possession by HDB.
8. A person who inherits an HDB flat and is required to dispose of either the inherited HDB flat or the existing HDB flat.
2. Public authorities (e.g., HDB and JTC) in exercising their functions and duties.
3. Residential property owners whose properties are acquired by the Government under the Land Acquisitions Act.
4. Individuals who are adjudged bankrupt and required to dispose of their residential properties.
5. Companies disposing of residential properties upon involuntary winding up.
6. Foreigners required to sell their residential properties under the Residential Properties Act.
7. HDB flat sellers or transferors under the Selective En bloc Redevelopment Scheme (SERS) or re-possession by HDB.
8. A person who inherits an HDB flat and is required to dispose of either the inherited HDB flat or the existing HDB flat.
These scenarios exempt sellers from paying SSD. Always consult with a professional for personalized advice.
Happy property planning!