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Old 26-07-2018, 02:57 PM   #2894
LynR52
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Join Date: May 2018
Posts: 158
When you sell the house which you get any grant from, you can pay the levy from the sales. Only need to pay cash when you don't have enough to deduct.

https://www.hdb.gov.sg/cs/infoweb/re...---resale-levy
What they mean by sales proceeds is any cash amount you get after selling your unit. They will straight away deduct the cash n give you the balance cash. Lets say 10yrs ago...i sold my flat n bought another flat...instead of receiving the 60k cash...they will deduct 20k n give me the balance 40k. But after selling my house 10yrs ago becuz of divorced i didnt buy any flat. Stay with parents. So basically levy is to be paid in cash.
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