ABSD remission may be applicable to a married couple who purchases a second residential property jointly, if the remission conditions are met. The couple must include a SC. The main conditions are as follows:
ABSD has been paid on the second residential property
The first residential property (co-owned or separately owned) is sold within 6 months from the date of purchase of the second property for completed property or the issue date of the Temporary Occupation Permit (TOP) / Certificate of Statutory Compliance (CSC), whichever is earlier, if the property was uncompleted at the time of purchase
The married couple has not purchased or acquired any other residential property since the purchase of the second residential property.
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