Most Singaporeans aim to keep property “within the family”. It’s one of the main attractions of buying freehold after all; and your children or grandchildren have a tremendous edge, if they don’t need to pay a mortgage. However, while Singapore has no inheritance tax, it doesn’t quite mean anyone can inherit a property, and do what they will with it. In this article, we’ll take a quick look at what options you have when inheriting, and how to make an informed decision: Inheriting an HDB flat This is the most common scenario faced by Singaporeans. Your options are as follows:

• Retain your existing flat and sell the inherited flat, or vice versa
• Sell your private property and move into the flat, or vice versa
• Retain your private property as well as the flat

...