What property buyers in Singapore need to know about the tax regime

If you own an interest in a property, it will be included in the count of real estate and will affect your next purchase. ST PHOTO: LIM YAOHUI
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SINGAPORE - Many people buy a home jointly because they can secure a bigger mortgage based on their combined earnings, but there are possible hitches to watch out for.

The key issue is that their individual profiles - citizenship and property ownership - will determine if they need to pay the additional buyer's stamp duty (ABSD) that is levied to curb property speculation.

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