Remission of ABSD for a Married Couple

A married couple may be eligible for ABSD remission on the purchase of a residential property if the remission conditions are met.

A. Joint Purchase by a Married Couple who does not own any Residential Property

Full ABSD remission may be applicable to a married couple who purchase a residential property jointly. The couple must include a Singapore Citizen (SC) spouse and the property must be purchased under both names of the couple only. In addition, both the spouses must not own any residential property. Scenarios with full remission are denoted with “#” in Table 2 and Table 3 of ABSD Rates and Remissions for made Married Couples

Both BSD and ABSD are payable upon stamping. However, if you meet eligibility conditions, you can apply for this ABSD remission instead of making ABSD payment.

How to Apply

Your legal representative can e-Stamp via the e-Stamping Portal to obtain the remission certificate.

B. Joint Purchase of Second Residential Property by a Married Couple

ABSD remission may be applicable to a married couple who purchases a second residential property jointly, if the remission conditions are met. The couple must include a Singapore Citizen and the property must be purchased under both names of the couple only. The conditions are as follows:

  1. The married couple did not own interest in more than one residential property at the date of purchase of the second residential property.
    1. ABSD has been paid on the second residential property.
    2. The first residential property (co-owned or separately owned) is sold within 6 months after
      • the date of purchase1 of the second property for completed property or
      • the issue date of the Temporary Occupation Permit (TOP) / Certificate of Statutory Completion (CSC), whichever is earlier, if the property was uncompleted at the time of purchase
    3. The married couple remains married and there is no change of ownership in the second residential property at the time of sale of the first residential property.
    4. The married couple has not purchased or acquired any other residential property since the purchase of the second residential property.
    5. The application for refund of ABSD is made within 6 months after the date of sale2 of the first residential property. 

    For the eligibility criteria, please see the last column of Table 1, Table 2 and Table 3 of ABSD Rates and Remission for Married Couples

    Married couples are encouraged to start marketing their first property early at realistic prices to ensure they can meet the six-month sale timeline for the ABSD refund. As an extension of the six-month timeline will not be acceded to, married couples can consider to secure a buyer for the sale of their first property before purchasing their next to avoid incurring ABSD.

    How to Apply

    You can apply for the remission via the e-Stamping Portal > "Request" > "Apply for Refund". You will have to login with your SingPass or Registered Account.

     

     

     

    1 Date of Purchase / Acquisition refers to:
    a) Date of Acceptance of the Option to Purchase or
    b) Date of Sale and Purchase Agreement or
    c) Date of Transfer where (a) and (b) are not available nor applicable

    2 Date of Sale / Disposal refers to:
    a) Date of Acceptance of the Option to Purchase by the buyer or
    b) Date of Sale and Purchase Agreement signed by the buyer or
    c) Date of Transfer where (a) and (b) are not available nor applicable

    • My wife and I were unable to sell our first residential property within 6 months from the purchase of our second residential property due to poor market conditions (e.g. Government cooling measures, Seventh Month, festivals and public holidays). More time was also needed to sell as the property was old. We had even engaged several property agents to market the first property, and even cut the asking price to below valuation. Can we still qualify for the ABSD refund in view of our circumstances?

      No. The ABSD refund is a special concession given only to Singaporean married couples, to facilitate their changing of homes. Given the intent, such couples should sell off their first property expeditiously and not hold on to two properties for an undue period. This is why one of the conditions for ABSD refund is that the first property must be sold within 6 months of the purchase of the second property. This condition is strictly applied to all who wish to avail themselves to the ABSD refund. To be fair and transparent to all Singaporean married couples, the refund conditions are consistently applied, and there will be no extension of the six-month timeline to sell the first property. If Singaporean married couples wish to qualify for an ABSD refund, they should take into account the conditions of the market and of their first property, and ensure that the 6-month criterion can be met. In this regard, they are strongly encouraged to start the process to sell their first residential property as early as possible. They could also sell their first property first before buying the replacement property.

    • My wife and I would like to seek an extension of time to sell our first residential property due to personal circumstances (e.g. children’s exams, celebration of festivals, need time to move into second residential property). Can our request be acceded to?

      No. Singaporean married couples should start marketing their first property as early as possible to ensure that they can meet the 6-month sale timeline in order to obtain the ABSD refund on their second property. To be fair and transparent in applying the rules of the ABSD refund, the refund conditions are consistently applied and there will be no extension of the six-month timeline to sell the first property.

    • Can a single purchaser also qualify for the ABSD remission on the purchase of a second residential property if the conditions are met?

      No. The ABSD refund on the second property is only granted to Singapore married couples to facilitate their changing of homes. The remission is not extended to other groups of buyers, such as parent and child or siblings making a joint purchase, or singles buying a property on their own, as this will inadvertently undermine the underlying policy intent for moderating demand among Singaporeans for second residential properties. Singapore citizen (SC) and permanent resident (PR) buyers who do not wish to incur the higher ABSD on second residential properties should sell their first property before purchasing their replacement property.

    • My wife and I did not meet the refund conditions as we were wrongly advised by our agent (e.g. lawyer, estate agent). Can we still obtain the ABSD refund?

      No. To be fair and transparent in applying the rules of the ABSD refund, the refund conditions are consistently applied and there will be no extension of the six-month timeline to sell the first property. Property buyers should seek a recourse from their agents if they were wrongly advised. They may also file a complaint with the relevant regulatory or professional body governing the agents. Taxpayers and their agents may check with IRAS, if they are unclear on the rules of the ABSD refund.

    • This is the first time my wife and I are selling our first property to upgrade to a bigger home. What can we do to ensure that we will not have to forgo our ABSD?

      Singaporean married couples are strongly encouraged to start marketing their first property as early as possible, and at a realistic price, to ensure that they can meet the 6-month sale timeline in order to obtain the ABSD refund on their second property. If a couple is unsure how long they need to sell their existing property and thus whether they can qualify for the ABSD refund, they may wish to consider selling their first property before buying their replacement property.

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