Asked by Anonymous
Dear Guru,
My husband transferred our condo under his name to me before he passed in 2019. The IRB valued the property and the stamped duty was 100% exempted.
My question:
Exemption for Individuals in 2022
1) What does it mean by 100% exemption on the chargeable gain when I sell the property since it was transferred to me by my late husband?
3) Do I still have to fill-up Borang CKHT 1A and pay 30% gain to the IRD before they qualify me the 100% exemption?
Looking forward to your answers with many thanks, Helenah
My husband transferred our condo under his name to me before he passed in 2019. The IRB valued the property and the stamped duty was 100% exempted.
My question:
Exemption for Individuals in 2022
1) What does it mean by 100% exemption on the chargeable gain when I sell the property since it was transferred to me by my late husband?
3) Do I still have to fill-up Borang CKHT 1A and pay 30% gain to the IRD before they qualify me the 100% exemption?
Looking forward to your answers with many thanks, Helenah
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