Risks of buying properties in 99-to-1 share | Invest

Risks of buying properties in 99-to-1 share | Invest
Buying Real Estate

Ever been advised to split the ownership of a property 99-to-1? READ MORE: https://str.sg/wusV

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.

Invest editor Tan Ooi Boon explains what you need to know about splitting a property 99-to-1 and paying additional buyer’s stamp duty (ABSD).

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  1. What's the implication? Property agents are crooks? He should show a case to justify his allegation, right? Do you think CEA will take action against this reporter? No lah, PAP government won't take action against mini-BBC. Ha ha ha!

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