1. Can a Married Couple Own 1 HDB and 1 Condo? Yes, provided that your spouse isnt listed as one of the buyers in the first property. However, note that this means that you cant include their income when applying for a loan and utilise their CPF funds.

Can a married couple own 2 HDB?

A married couple cannot own two flats concurrently. As the HDB considers them to be one entity, the couple can jointly own only one flat as a family nucleus. If two parties each own an HDB flat prior to their marriage, they are required to relinquish ownership of one of the flats upon marriage, said the HDB.

Can a married couple own 2 houses?

An unmarried couple may each own a home that qualifies as their principal residence but a married couple may only nominate one property and must elect jointly. On the purchase of a second home, the owner has two years to elect which of their homes is their principle residence.

Can a married couple own property separately?

Property one spouse owned alone, before the marriage, or acquired by gift or inheritance during the marriage, is that spouses separate property in California. California law also provides that property spouses acquire before a divorce, but after the date of separation, is separate property. (Cal.

Can married couple buy HDB separately?

A married couple (with at least a SC in the family nucleus), can own 1 HDB and 1 condo (or even multiple condos), even if both names are included in the HDB flat as owners. There are many families who had bought a second property (either for own stay or for investment) after their HDB flats had met the MOP.

What happens if my wife dies and the house is in her name?

With survivorship, if one of them dies, the surviving spouse becomes the sole owner of the property. If there are no survivorship provisions, such as with tenants in common, then the surviving spouse retains half of the property but the remaining half goes into the deceased spouses estate.

Can my wife assume my mortgage?

A spouse can easily determine whether their loan is assumable by looking at their original promissory note. Under no uncertain terms should you apply to assume your mortgage unless you have confirmed that your current lender allows for it.

Can married couples have two primary residences?

The IRS is very clear that taxpayers, including married couples, have only one primary residence—which the agency refers to as the “main home.” Your main home is always the residence where you ordinarily live most of the time. There are, however, tax deductions the IRS offers that cover the expenses on up to two homes.

Can I gift my house to my children Singapore?

There is nothing illegal about giving away property in Singapore without being financially compensated for it. This is called an inter vivos gift and its perfectly legal under certain circumstances. You do this by executing a Deed of Gift between the two parties, the benefactor and recipient.