Singapore legislation
Regulation 3
Regulation 3
Remission of ABSD where joint parties are spouses both of whom do not own property
Subregulation 1
There shall be remitted the full amount of ABSD that is chargeable on —
a contract or agreement for the sale of, or a conveyance, assignment or transfer on sale of, an estate or interest in a single residential property; and
any instrument chargeable in like manner,if there are 2 (and only 2) joint parties under the instrument and, at the time of execution of the instrument —
they are married to each other; and (ii)they are, respectively, a Singapore citizen not owning property and either a Singapore permanent resident not owning property or a foreigner not owning property.
Subregulation 2
Paragraph (1) does not apply if the estate or interest in the residential property is to be held as partnership property of a partnership.
Subregulation 3
Paragraph (1) does not apply to an instrument (being one executed on or after 9 May 2022) if either or both of the joint parties is or are to hold the estate or interest sold, conveyed, transferred or assigned under the instrument on trust.