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Statistics on Appeals from Singles for Waiver of Additional Buyer's Stamp Duty | PAPERCUTS

Statistics on Appeals from Singles for Waiver of Additional Buyer's Stamp Duty

Debated in Parliament on 5 Feb 2024.

Summary written by AI (learn more)

In 2022 and 2023, IRAS received 23 appeals from Singaporean singles for waiving Additional Buyer's Stamp Duty when switching homes.
The majority of these appeals were approved due to extenuating personal circumstances, such as needing to purchase a replacement property for themselves and their child after a spouse's demise.
Each appeal is considered holistically based on its specific facts and circumstances.

Questions identified by AI (learn more)

Full Transcript

Sitoh Yih Pin

#1

Mr Sitoh Yih Pin asked the Deputy Prime Minister and Minister for Finance (a) in the last two years, what is the number of appeals received from Singaporean singles to waive the Additional Buyer's Stamp Duty on the basis that they are switching homes; and (b) how many of such appeals have been successful and what are the reasons for the successful appeals.

Lawrence Wong

#2

In 2022 and 2023, the Inland Revenue Authority of Singapore (IRAS) received a total of 23 appeals from singles purchasing a replacement private property for remission of Additional Buyer's Stamp Duty.

Each case is considered carefully and holistically, based on its facts and circumstances. The majority of these appeals were approved as they involved extenuating personal circumstances, such as a need to purchase a replacement property for themselves and their child shortly after their spouse's demise.

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Disclaimer

The information on this site contains data taken from the Parliament website and the Hansard, and augmented with analyses from artificial intelligence agents. While great care has been taken to ensure the accuracy of these analyses, they should not be regarded as fully accurate or comprehensive. Users are advised to consult original parliamentary documents and official records for precise and authoritative information.

Summary written by AI (learn more)

In 2022 and 2023, IRAS received 23 appeals from Singaporean singles for waiving Additional Buyer's Stamp Duty when switching homes.
The majority of these appeals were approved due to extenuating personal circumstances, such as needing to purchase a replacement property for themselves and their child after a spouse's demise.
Each appeal is considered holistically based on its specific facts and circumstances.

Questions identified by AI (learn more)

Questions identified

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