Need Help On Decoupling To Avoid Or Minimise ABSD?

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HEY YOU! YES, YOU!

Are you thinking of buying a 2nd property in Singapore? If so, you may be concerned about the Additional Buyer’s Stamp Duty (ABSD)… Based on the recently revised ABSD rates… If you were to acquire a second property which costs S$2 million, you’ll have to pay a minimum of 20% ABSD (depending on your citizenship). This adds up to a whopping S$400,000 on top of the Buyer Stamp Duty… What if we told you that there are 100% LEGAL ways to avoid/minimise this ABSD payable? This will potentially save you HUNDREDS OF THOUSANDS!

Would you be interested to know more?

RECENT NEWS

If you’ve read the news recently, you will know that IRAS is clawing back those property buyers who evaded ABSD by using the ‘99-to-1‘ scheme. That is definitely illegal and we do not practice such actions…

ALL OF OUR METHODS ARE 100% LEGAL.

Our team has more than 20 years of combined experience in helping families and couples avoid and/or minimise ABSD, by providing decoupling advice and strategic portfolio structuring methods.

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FAQs

Frequently Asked Question

On ABSD And Decoupling

In full term, it is known as Additional Buyer’s Stamp Duty which is a tax that’s levied on top of Buyer’s Stamp Duty. (A tax that property buyers have to pay when they buy a property).

ABSD Rates as of 27 Apr 2023

Singapore Citizen
1st property – 0%
2nd property – 20%
3rd and subsequent property – 30%

Permanent Residents
1st property – 5%
2nd property – 30%
3rd and subsequent property – 35%

Foreigners
Any property – 60%

Entities
Any property – 65%

There are several ways we can avoid or minimise ABSD payable if we were to strategically plan our portfolio. The strategies that we implement are unique to every household and not everyone is eligible for it. Speak with us to find out your eligibility and we’ll help to create a unique solution for you.

Yes, it is definitely possible. Our team has successfully assisted various clients from different backgrounds. You may refer to some case studies below.

Decoupling is the process where one co-owner of a property transfers his or her share to the other co-owner (Commonly executed on a property co-owned by 2 persons).

You may be surprised that the costs involved in decoupling are quite affordable. Speak with our consultants to find out more.

We have a few options for clients who have the intention to purchase a property after their HDB completes MOP. 

However, we’ll require more information before we can advise further. Click on any of the buttons below to get in touch with us!

We have a few options for clients who have the intention to purchase their 2nd private property. 

However, we’ll require more information before we can advise further. How much ABSD are we able to minimize or avoid depends on the information given

Click on any of the buttons below to get in touch with us!

Definitely NOT, no fees will be payable.

We highly believe in working on a transparent relationship and we provide a complimentary consult with a personalised risk analysis report for you as well. ZERO obligations required.

It’s totally fine if you do not wish to proceed with any actions after our meeting. We’ll take it as a friendship gained and hopefully, we’ll be of help to you in the future for your property needs.

Our Case Studies

Case Study 1 - HDB Upgraders

Client A came to us back in 2019 when he was thinking of owning 2 properties, one for rental yield. He was holding onto his Woodlands EA HDB.

After sitting down and understanding his family needs and concerns, we showed all the different possible options that he was able to take and gave our recommendation.

We went on with the sale of his existing place and the purchase of:

  1. A resale 3 bedroom in La Casa for $815K
  2. A 2 bedroom investment unit at Whistler Grand for $1.1m

Today, Client A is sitting on a paper profit of:

  1. $330K for La Casa
  2. $390K for Whistler Grand with $4,500/month in rental.

Grateful for the trust he placed in us, he made a total paper profit of $720K in just a short 4-5 years.

 

If Client A were to keep his HDB and sit on the fence, today he would have only made half of what he could have made.

Case Study 2 - Keep Existing EC And Buy Private

Client J came to us in 2020 looking for a second property for investment, but at the same time want to keep their HDB due to the space and sentimental reason. Her concern was the 12% ABSD (back then).

 

After understanding their situation, we managed to help strategize their portfolio so that they only had to pay minimal ABSD to be able to own their private property while keeping their HDB.

 

Of course, every case and situation is unique and no one method is able to cater to everyone. If you wish to find out regarding your eligibility, click on the buttons below and we’ll get in contact with you.

Case Study 3 - Keep Existing Private And Buy Another Private Property

Client B and his wife co-own a private property and wanted to purchase another for their kid to enroll into a school. However, both of them wanted to keep their existing property due to the size and proximity to their in-laws. In today’s context, the purchase will incur 20% ABSD which will amount to $420K based on the purchase price of what they saw and liked.

We sat down and assessed their financial situation with our team of bankers and lawyers, and managed to find a way they were able to avoid ABSD totally.

We ran through the numbers, understand their needs and wants with Client B and his wife, and they both agreed to move forward with the plan. We liaised with both bankers and lawyers to make this happen.


And today, they are sitting on capital gains for both their existing and new property.
Very thankful for the trust given. Our goal is to provide the best solution to solve our clients needs, at the same time helping them to increase their net worth. We make sure to recommend the best for a long-term friendship.

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