Is ABSD Applicable When Inheriting Property?

Is ABSD Applicable When Inheriting Property?

Mr Alfred Chia BSc, CFP, FChFP, ChFC, SAMP, Affiliate of STEP, IBF Fellow

CEO, SingCapital Pte Ltd

This article is contributed by SingCapital.

First published on Estate Planning Practitioners Limited's newsletter The Custodian Issue No. 16 (pp. 8-9) on February 2021.

Since 2011, the Additional Buyer’s Stamp Duty, or ABSD for short, was introduced as a part of the property cooling measures designed to bring down the heat in the red-hot property market. ABSD charges only apply to residential property.