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Old 26-07-2018, 03:13 PM   #2896
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?
Erinlmh is offline   Reply With Quote