Investigations into "99-to-1" Arrangement for Stamp Duty Payment for Property Purchases
- IRAS has reviewed 187 "99-to-1" cases, found tax avoidance in 166, and will recover about $60 million in Additional Buyer's Stamp Duty and surcharges.
- About 10 cases with evidence of potential property agent involvement are under review by the Council for Estate Agencies.
- The Government is not currently assisting with compensation for misadvised individuals but is focusing on enforcement and recovery.