Investors who exploit ABSD loopholes have more to lose than gain

The investigation into property investors who used the

99-to-1 loophole to avoid the additional buyer’s stamp duty

(ABSD) has brought into sharp focus other seemingly legitimate ways that investors are using to dodge this levy.

The ruses usually involve roping in close relatives who do not own any real estate and getting them to buy new or resale properties because they would not need to pay ABSD as first-time owners.