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When can you get ABSD refund?
For married couple buying their matrimonial home, a refund is possible.
If this is your 1st matrimonial home, then full ABSD remission is applicable if:
To elaborate: If SC + SC, there is no ABSD in the first place. If SC + PR/FR, there is a 5%/60% ABSD, which has to be paid first but can be refunded later.
If you currently already has a home and is buying a 2nd one with an intention to sell the first, then you can apply for remission if:
ABSD will be automatically refunded to the purchasers within 6 weeks from the stamping of the sale of their first property (jointly or separately owned), without a need to submit the refund application.
You can also apply via the e-Stamping Portal > Request > Apply for Refund.