The remission is usually meant for upgrading families. But of course there are 3 main catches to share:
- You have to sell your first property within 6 months are the date of TOP/CSC whichever is applicable.
- Also do remember that this new home that you'll be doing ABSD remission for would be your matrimonial home, which would mean that you have to remain married throughout.
- You have to fork out the amount for the ABSD first (combination of cash and CPF applicable).
I'll be attaching tables over here that you'll find useful for the 3 different possible scenarios.
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Moving forward, you'd made your purchase, paid the ABSD and you have finally sold your first property and you're ready to do the ABSD remission.
Here's the guild on the refund application process. To begin, you'll need the following:
- Your stamp certificate
- Your SingPass
Either the purchased or the legal firm who stamped the document are able to apply for the refund.
As attached are the details and examples of how:
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Do refer to your previous Stamp Certificate and proceed to make declaration and start refund procedure.Ā
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