Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties
#1

Lydia Lam

24 Sep 2021 07:43PM
(Updated: 24 Sep 2021 07:48PM)


SINGAPORE: A couple and two property agents were sentenced to jail on Friday (Sep 24) for backdating an Option to Purchase on a condominium unit in order to evade newly raised stamp duties.

Property buyers Daniel Halim and his wife Lee Liu Ying, both 44, were given six weeks' jail each and ordered to pay a penalty of S$276,000, four times the amount of additional buyer's stamp duties evaded.

Property agents Mu Shen, 50, and 44-year-old Loy Thye Wei were given eight weeks' jail each.



https://www.channelnewsasia.com/singapor...sd-2199616
Reply


Messages In This Thread

Forum Jump:


Users browsing this thread: 1 Guest(s)