With the Additional Buyer's Stamp Duty (ABSD) now applying to all trustees, does this new rule bring about a significant impact for the market and does it actually affect us? The Ministry of Finance announced that additional buyer’s stamp duty of 35% will now apply to any transfer of residential property into all living trusts, with effect from 9 May 2022. Trustees Now Hit With 35% ABSD Buyer’s Stamp Duty (BSD) is a fee that is applicable to any transfer of residential property into a living trust. Whether ABSD is payable on top of BSD, however, depends on a number of factors, such as the profile of the buyer. Currently, ABSD does not apply to living trusts without an identifiable beneficial owner at the time the residential property is transferred into the trust. However, with effect from 9 May 2022, ABSD will apply to all transfers of residential properties into all living trusts, even those without an identifiable beneficial owner at the time the residential...