On 20/05/2013,
you requested for the version in force on 20/05/2013
incorporating all amendments published on or before 20/05/2013.
The closest version currently available is that of 30/08/2010.
No. S 474
Stamp Duties Act
Stamp Duties Act (Amendment of First and Third Schedules) Notification 2010
In exercise of the powers conferred by section 78 of the Stamp Duties Act, the Minister for Finance hereby makes the following Notification:
1. This Notification may be cited as the Stamp Duties Act (Amendment of First and Third Schedules) Notification 2010 and shall come into operation on 30th August 2010.
2. Article No. 3 of the First Schedule to the Stamp Duties Act is amended by inserting, immediately after paragraph (a), the following paragraphs:
“
”.
(b) on sale of immovable property (or part thereof) which, under the Master Plan, may be used for solely residential purposes or for mixed purposes, one of which is residential; and which is acquired on or after 20th February 2010 but before 30th August 2010 | |||||
In addition to duty under paragraph (a), where the property or part thereof is disposed of in the following period from the date of its acquisition: | |||||
Amount of consideration or value (whichever is applicable) of the property or, in the case of property for mixed purposes, the part of the property used for residential purposes | Within one year | ||||
(i) for every $100 or any part thereof of the first $180,000 | $1 | ||||
(ii) for every $100 or any part thereof of the next $180,000 | $2 | ||||
(iii) thereafter for every $100 or any part thereof | $3 | ||||
(ba) on sale of immovable property (or part thereof) which, under the Master Plan, may be used for solely residential purposes or for mixed purposes, one of which is residential; and which is acquired on or after 30th August 2010 | |||||
In addition to duty under paragraph (a), where the property or part thereof is disposed of in the following periods from the date of its acquisition: | |||||
Amount of consideration or value (whichever is applicable) of the property or, in the case of property for mixed purposes, the part of the property used for residential purposes | Within one year | Exceeding one year but not exceeding 2 years | Exceeding 2 years but not exceeding 3 years | ||
(i) for every $100 or any part thereof of the first $180,000 | $1 | $0.67 | $0.33 | ||
(ii) for every $100 or any part thereof of the next $180,000 | $2 | $1.33 | $0.67 | ||
(iii) thereafter for every $100 or any part thereof | $3 | $2 | $1 | ||
3. Article No. 2 of the Third Schedule to the Stamp Duties Act is deleted and the following Article substituted therefor:
“
”.
2. CONVEYANCE — Article No. 3(a) to (i) | ||
(a) for all purposes other than Article No. 3(b) and (ba) | The grantee, transferee or lessee | |
(b) for the purposes of Article No. 3(b) and (ba) | The grantor or transferor | |
[MF(R)054.001.0001.V23; AG/LLRD/SL/312/2010/6 Vol. 1]