Stamp duty traps to watch out for
![While it is often the desire of parents - when bequeathing property - to be "fair" and treat their children "equally", the arrangement of making each child a beneficiary can result in adverse tax consequences. BT FILE PHOTO](/sites/news.smu.edu.sg/files/styles/max_325x325/public/smu/news/BT_20211222_ABSD_4851756.png?itok=6_aedDo-)
In a joint commentary, SMU Lecturer of Law and deputy head of tax at ZICO Insights Law Mr Vincent Ooi and director and head of tax at ZICO Insights Law LLC Liu Hern Kuan shared their views on the Ministry of Finance's new package of measures designed to cool the residential property market announced on 15 December. They also cautioned taxpayers on the stamp duty traps to watch out for.
Source
The Business Times