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3 myths about ABSD that have landed property buyers in trouble
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The law allows the taxman to disregard any sham schemes that avoid taxes and impose penalties on the offenders.
PHOTO: ST FILE
Before you buy an investment property here, it is crucial that you understand Singapore’s unique tax regime for real estate so you don’t end up on the wrong side of the law, or worse, losing the whole unit.
Here are the three key misconceptions that have landed property investors in trouble because of their eagerness in avoiding paying the additional buyer’s stamp duty (ABSD)
