24/03/2023
Most home buyers are familiar with the concept of Additional Buyers Stamp Duty (ABSD) as it applies to them. What’s less commonly known is that property developers also have to pay ABSD; and this added tax shapes multiple decisions. From the way developers price their property, right down to development concepts, the ABSD on developers has a significant – yet not directly visible – effect on home buyers. Here’s what you should know about it!
Most home buyers are familiar with the concept of Additional Buyers Stamp Duty (ABSD) as it applies to them. What’s less commonly known is that property developers also have to pay ABSD; and this added tax shapes multiple decisions. From the way...
