Luckcent 4th Gear October 25, 2014 Share October 25, 2014 Guys, What are the fees for transferring ( changing owner names ) a property to your siblings ? Of course don't ask me to enquire from the lawyers hor. ↡ Advertisement Link to post Share on other sites More sharing options...
Coltplussport Turbocharged October 25, 2014 Share October 25, 2014 Guys, What are the fees for transferring ( changing owner names ) a property to your siblings ? Of course don't ask me to enquire from the lawyers hor. Need to pay stamp duties? I also don't know. Link to post Share on other sites More sharing options...
merri 1st Gear October 25, 2014 Share October 25, 2014 Errr... That's like asking how much the legal fee is without asking an actual lawyer? Transfer within 4yrs will tio seller stamp duty. That is separate cost from hiring lawyer to do the transfer legal paperwork. Link to post Share on other sites More sharing options...
Dafansu Turbocharged October 25, 2014 Share October 25, 2014 If you have mortgage with the bank check with them first. Stamp duty will be based on the property market value. Get a valuation for it, lastly get a lawyer to effect the transfer. http://www.iras.gov.sg/irasHome/page04.aspx?id=1974 Link to post Share on other sites More sharing options...
F355 Turbocharged October 25, 2014 Share October 25, 2014 A rough estimate will be 3% of the property's value consisting of stamp duties and legal fees. As another forumer has pointed out , if the property falls within the sellers stamp duty timeframe , there will be a separate charge. Welcome to Singapore. Link to post Share on other sites More sharing options...
Jimmylim 4th Gear October 25, 2014 Share October 25, 2014 Guys, What are the fees for transferring ( changing owner names ) a property to your siblings ? Of course don't ask me to enquire from the lawyers hor. they won't charge you for such enquiry... so just ask for a better picture that will help to clear your doubts. anyway you won't get to talk to them directly at first too. don't think of them like one that you need to pay just to listen to their voice. Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 25, 2014 Share October 25, 2014 (edited) Guys, What are the fees for transferring ( changing owner names ) a property to your siblings ? Of course don't ask me to enquire from the lawyers hor. Legal fees are the least of your worry, only a few grand.Stamp duties will put you back at least one solid gold Rolex easily. Whats the estimated value of the property? Edited October 25, 2014 by Throttle2 Link to post Share on other sites More sharing options...
Luckcent 4th Gear October 25, 2014 Author Share October 25, 2014 Legal fees are the least of your worry, only a few grand. Stamp duties will put you back at least one solid gold Rolex easily. Whats the estimated value of the property? Sorry, how to gauge the value ? So far neighbors have not transacted any. Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 25, 2014 Share October 25, 2014 Sorry, how to gauge the value ? So far neighbors have not transacted any. You tell me location and land size and age , i tell you the estimated value Link to post Share on other sites More sharing options...
Achtung 6th Gear October 25, 2014 Share October 25, 2014 Using URA website, u could check the caveats for your neighbours who sold it recently. Else, use Property Guru for an agar-ation. I reckon this is a new property if no neighbours have transacted? You can also ask for a bank loan and they can give u a valuation. Seriously, technically, it is cumbersome to do it on your own. That's why we pay the lawyers. Sorry, how to gauge the value ? So far neighbors have not transacted any. Link to post Share on other sites More sharing options...
xherion 2nd Gear October 25, 2014 Share October 25, 2014 Wah even transferring to siblings is still charged with stamp duty? Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 25, 2014 Share October 25, 2014 Wah even transferring to siblings is still charged with stamp duty? ABO THEN?! Heeerrhehe Stamp duties on property transfers account for billions of dollars in tax revs If i recall correctly, it forms the highest tax rev category. Way past that of COEs.... Link to post Share on other sites More sharing options...
Soya Supersonic October 25, 2014 Share October 25, 2014 Guys, What are the fees for transferring ( changing owner names ) a property to your siblings ? Of course don't ask me to enquire from the lawyers hor. Assuming it's pte, 3% of price minus $5400. And dun think u can suka suka underdeclare price hor. Lawyer fee cheep cheep $2.5-$3k onli nia. Even O-Level qualification agent comm$$ more than that..... Link to post Share on other sites More sharing options...
Mercury1 Turbocharged October 25, 2014 Share October 25, 2014 You can get a desktop evaluation done by the bank's evaluation contacts, might cost a little. I subscribe to a paid real estate data svc, you can pm your apartment details and I can look it up. I can't grantee it will get anything but its worth a try? Sorry, how to gauge the value ? So far neighbors have not transacted any. Link to post Share on other sites More sharing options...
xherion 2nd Gear October 25, 2014 Share October 25, 2014 How about adding or substracting names to ownership? Still gets stamp duty? Our truly Sinkapore Link to post Share on other sites More sharing options...
merri 1st Gear October 25, 2014 Share October 25, 2014 http://www.iras.gov.sg/irashome/page.aspx?id=8996#Seller's%20Stamp%20Duty%20(SSD)%20for%20Residential%20Properties Just don't transfer within 4yrs of obtaining that property then you won't tio seller stamp duty isn't it? It's time to call IRAS on Monday... Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 25, 2014 Share October 25, 2014 http://www.iras.gov.sg/irashome/page.aspx?id=8996#Seller's%20Stamp%20Duty%20(SSD)%20for%20Residential%20Properties Just don't transfer within 4yrs of obtaining that property then you won't tio seller stamp duty isn't it? It's time to call IRAS on Monday... But the "buyer" (his sibling) will tio the stamp duty. So you can run but you cant hide..... Wahahahahah Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic October 25, 2014 Share October 25, 2014 Wah even transferring to siblings is still charged with stamp duty? What about transferring to child? ↡ Advertisement Link to post Share on other sites More sharing options...
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