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Hi Mrs Ng,

Do you mean that your husband intends to retain the commercial unit while winding up the business?

Regards,

Geryl LIM
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Dear Mrs Ng, when you wind up a company, you will have to dispose of all the assets, pay of all debts before you can close the accounts and strike off the company. Therefore to "transfer" the property, there is no such direct transfer if I understand what you are asking about. There will be a formal transfer of ownership, from the Company to your husband. Its a conveyancing process which needs to be done legally via lawyers. Stamp duty will be incurred. There are many other considerations involved. Is the commercial unit fully paid for? If not is your husband qualified to hold a mortgage loan? All these considerations need to be thought through as well. You can consult me privately (no obligations of course), Yian Tay Associate Team Director Powerful Negotiators Propnex Realty Pte Ltd R027190C Mobile: 82884499  Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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