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How to avoid stamp duty singapore
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Tommy
09 Feb 2020
Senior Associate Director at PropNex Realty
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Alvin Teo
02 Feb 2020
Aviva Relationship Consultant at Aviva Affinity Channel
You canβt avoid anything that gives the govt money in Singapore can you?
You may find means to give less but still have to give nonetheless.
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In Singapore, avoiding stamp duty may be interpreted as tax evasion which carries a heavy penalty. Instead of avoiding stamp duty, you probably would want to look at long term benefits of owning the property. And with the stamp duty, it helps to regulate the rising cost of properties in Singapore which can be much more than the payable stamp duty amount if not implemented.