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Old 26-07-2018, 03:13 PM   #2896
Erinlmh
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Join Date: Oct 2014
Posts: 423
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.
But I thought only after you buy new flat from HDB (2nd timer) then you need to pay levy? How can they deduct the levy straight after you sold the flat?
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