RES exam question on Taxes & Duties: Mr and Mrs Ho married in 2018
Mr and Mrs Ho married in 2018. Mr Ho alone bought a condominium in March 2024. In 2026, on their divorce, the court orders him to transfer it to Mrs Ho as part of the division of matrimonial assets. She plans to sell it once she has found a smaller home. (i) The court-ordered transfer to Mrs Ho may qualify for remission of BSD and ABSD. (ii) The transfer is dutiable in full, since a court order does not change its stamp duty treatment. (iii) For SSD on her later sale, her date of acquisition is 2018, when the marriage took place. (iv) For SSD on her later sale, her date of acquisition is the date of the court-ordered transfer in 2026. Which of the statements above is/are correct?
- A(i) and (iii) only
- B(ii) and (iv) only
- C(i) only
- D(i) and (iv) only
Show answer & explanation
Answer
C. (i) only
Explanation
Answer: (i) only. A court-ordered transfer of matrimonial assets may get remission, and her SSD date is March 2024, the later of the two dates.(i) True. BSD and ABSD remission may apply to a transfer made in compliance with a court order dividing matrimonial assets.Rule: BSD, ABSD and SSD remission may apply to a transfer made in compliance with a court order dividing matrimonial assets, to the other party or to their children. For SSD, the acquisition date of an interest received this way is the date of the marriage or the date the transferor acquired it, whichever is later.Source: Stamp Duties (Matrimonial Proceedings) (Remission) Rules; IRAS, Matrimonial Proceedings and Seller's Stamp Duty (SSD) for Residential Property, read 1 Oct 2026
Why the other options are wrong
- (ii) False. The court order matters. A transfer made in compliance with it may qualify for remission, so it is not dutiable in full.
- (iii) False. Her date is the later of the marriage and Mr Ho's acquisition. His March 2024 purchase is later than the 2018 marriage, so March 2024 is her date.
- (iv) False. For the same reason her date is March 2024, not the date of the 2026 transfer.
Study the concept behind this question: Stamp Duties Explained: BSD, ABSD & SSD (Singapore, 2026)
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