The risks of buying properties in 99-to-1 share
Some joint buyers wrongly assume that they can save on additional stamp duties if they hold such unequal shares
Sign up now: Get ST's newsletters delivered to your inbox
Impose a tax and it's pretty certain someone will devise a loophole, as is happening here with crafty investors avoiding an anti-property speculation levy by allowing one buyer to own 99 per cent of a home while the other holds just 1 per cent.
While some believe this ownership set-up will help them save money when they want to buy more properties later, others are being misled by over-zealous real estate agents who have been giving faulty tax advice.
