If you are thinking of buying a second property, it may be simpler to just pay the additional buyer’s stamp duty (ABSD) than to buy the home under a trust set up for your family members.
Buying a property under a trust now requires an upfront ABSD of 65 per cent of the purchase price, following the hike on April 27 that increased the previous levy of 35 per cent by a whopping 30 percentage points.
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