facebookIf I am inheriting my parents' flat after they pass on, do I need to channel the funds gained from selling the flat back into my CPF, if my parents' used their CPF to pay for the flat? - Seedly

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Anonymous

09 Aug 2020

βˆ™

CPF

If I am inheriting my parents' flat after they pass on, do I need to channel the funds gained from selling the flat back into my CPF, if my parents' used their CPF to pay for the flat?

According to this FAQ,

it states that the funds used need not be channeled back to my parents' CPF, but what about my CPF? I don't understand what the last sentence of the answer is saying...

Discussion (2)

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Nicholas Beh

08 Aug 2020

Student Ambassador 2020/21 at Seedly

No, you do not need to. Unless you used your own CPF to pay for the flat (which would require you to be a co-owner at least), there is no requirement to pay back the withdrawn amount into CPF after death.

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