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Some home buyers facing ‘99-to-1’ ABSD probes blaming it on advice from real estate agents
One such buyer, who now faces a few hundred thousand dollars in Additional Buyer’s Stamp Duty (ABSD) payment and surcharges, told The Business Times she was “advised by (the) agent, with the assistance of the banker and lawyer, to go with this arrangement” so that the couple could secure sufficient financing for their home purchase.
