Property Views
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Footing downpayment for kids (adult age) is mainly to help them get on the property ladder or to ‘co-invest’ with kids without incurring ABSD. That said legally if your name is not on the title the child (adult age) can sell it away and not give you a cent.
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doodbug\" post_id=\"2006007\" time=\"1606730365\" user_id=\"13281:
True. Even if this were to happen, what can the parents do to their kid?
Footing downpayment for kids (adult age) is mainly to help them get on the property ladder or to 'co-invest' with kids without incurring ABSD. That said legally if your name is not on the title the child (adult age) can sell it away and not give you a cent. -
Like some people say charsiu :sad:
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MrsKiasu\" post_id=\"2006024\" time=\"1606733785\" user_id=\"43981:
what is ¨charsiu¨ ?
Like some people say charsiu :sad: -
Charsiu is chinese bbq pork..there was a saying give birth to a charsiu better than to a 'ungrateful' child, something like that.. I somehow find that I m getting more 'cholor'
need to be refined abit 
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starlight1968sg\" post_id=\"2006004\" time=\"1606729594\" user_id=\"14025:
Not necessarily. Some parents may worry about their kids squandering away their inheritance and choose to mauntain assets through structures.
mainly to avoid ABSD?doodbug\" post_id=\"2005984\" time=\"1606725400\" user_id=\"13281:
donno lol, me not in a position to consider these things.
take care of my own retirement, and kids' education first.
the rest will have to wait.
i do hear of a number of parents footing the downpayment for kids' properties though. -
starlight1968sg\" post_id=\"2006008\" time=\"1606730813\" user_id=\"14025:
There is a way to go around it and parent still have control over the property. Hehe
True. Even if this were to happen, what can the parents do to their kid?doodbug\" post_id=\"2006007\" time=\"1606730365\" user_id=\"13281:
Footing downpayment for kids (adult age) is mainly to help them get on the property ladder or to 'co-invest' with kids without incurring ABSD. That said legally if your name is not on the title the child (adult age) can sell it away and not give you a cent.
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wah, how how ?
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parent_to_be\" post_id=\"2006041\" time=\"1606737147\" user_id=\"104008:
There is a way to go around it and parent still have control over the property. Hehe[/quote]Do share.
True. Even if this were to happen, what can the parents do to their kid?starlight1968sg\" post_id=\"2006008\" time=\"1606730813\" user_id=\"14025:
[quote=doodbug post_id=2006007 time=1606730365 user_id=13281]Footing downpayment for kids (adult age) is mainly to help them get on the property ladder or to 'co-invest' with kids without incurring ABSD. That said legally if your name is not on the title the child (adult age) can sell it away and not give you a cent.
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If you buy a property under trust for your child, you can ask her/him to give it back to you as a gift when she/he reach 21 years old. However, please note that you have to pay BSD when she/he gift it to you (the quantum is 4% minus $15,400).
And, if you have another property(ies) under your name when your child gift it to you, you also have to pay 12% ABSD if that property is your 2nd property or 15% ABSD if that property is your 3rd or subsequent property.
So, maybe you need to work out on the timing when your child need to give it back to you so at that time you don't have any property under your name so you only have to pay BSD.
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