When it comes to inheriting property, is ABSD applicable?
What is ABSD? Additional Buyer’s Stamp Duty, Inheriting Property or ABSD for short, has been in effect since 2011 as part of the property cooling measures aimed to cool down the red-hot housing market. ABSD fees are exclusive to residential properties. Other market-cooling measures include Seller’s Stamp Duty (SSD), modifications to the Loan-to-Value ratio, etc. …
When it comes to inheriting property, is ABSD applicable? Read More »