Sammyboy RSS Feed
04-08-2015, 04:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Need some advice from the property gurus in this forum.
1)To avoid the ABSD, many couples now own 2 properties separately in their individual names. Assuming these properties are not rented out but for own stay, is it still possible to pay owner occupied property tax rates on both properties? Anyone with such scenario here?
2)If I own a private property and decide to change house, I will need to pay ABSD on the new purchase unless I rent a place temporarily until my sale transaction is legally complete before I purchase the new property. Is my understanding correct?
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?211921-De-coupling&goto=newpost).
Need some advice from the property gurus in this forum.
1)To avoid the ABSD, many couples now own 2 properties separately in their individual names. Assuming these properties are not rented out but for own stay, is it still possible to pay owner occupied property tax rates on both properties? Anyone with such scenario here?
2)If I own a private property and decide to change house, I will need to pay ABSD on the new purchase unless I rent a place temporarily until my sale transaction is legally complete before I purchase the new property. Is my understanding correct?
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?211921-De-coupling&goto=newpost).