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The top 3 myths that spur investors to use ABSD loopholes

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Generic photo of landed property and condominiums in the Opera Estate and Siglap area on Jan 13, 2022.

Property investment is an expensive affair so it is vital that you get your sums right first, because you risk losing the asset.

ST PHOTO: KEVIN LIM

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When it comes to taxes, action really speaks louder than words because what you have done matters more than your motives behind the transactions under scrutiny.

Here are the three key misconceptions that have landed property buyers in trouble because they used the

99-to-1 loophole

to dodge the additional buyer’s stamp duty (ABSD).

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