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You enter your current property value, outstanding loan, CPF used by the transferring spouse, years held, your next property price, and the ABSD rate you face. It estimates BSD on the transferred share, legal fees, and the ABSD you would save, then shows the net benefit so you can see if restructuring is worth it.
Restructuring is when one co owner transfers their share of a jointly held property to the other. This frees up the exiting owner to buy a second property as a first time buyer, sidestepping the higher ABSD that applies to a second home. It involves BSD on the transferred share, legal fees, and a fresh loan.
The main cash costs are Buyer Stamp Duty on the share being transferred, legal and conveyancing fees for both parties, and arranging a fresh loan for the buying spouse. CPF used must also be refunded to the CPF account with accrued interest. These costs are weighed against the ABSD you would otherwise pay.
Not automatically. The calculator gives an indicative figure, but it does not capture everything. CPF accrued interest must be refunded, SSD may apply if you are still inside the holding period, and the buying spouse needs to qualify for the new loan on a single income. Treat the result as a starting point, not a decision.
Restructuring between co owners remains a legitimate move, but IRAS has increased scrutiny since 2023. The arrangement should reflect a genuine transfer, not a purely tax driven paper exercise. Winfred Quek (CEA R073319H) models the full picture and works with your solicitor so the transaction holds up. Book a consult before committing.