On 22/05/2013,
you requested for the version in force on 22/05/2013
incorporating all amendments published on or before 22/05/2013.
The closest version currently available is that of 14/01/2011.
No. S 16
Stamp Duties Act
Stamp Duties Act (Amendment of First and Third Schedules) Notification 2011
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 2011 and shall come into operation on 14th January 2011.
2. Article No. 3 of the First Schedule to the Stamp Duties Act is amended —
(a)
by inserting, immediately after the words “30th August 2010” in paragraph (ba), the words “but before 14th January 2011”; and
(b)
by inserting, immediately after paragraph (ba), the following paragraph:
“
”.
(bb) 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 14th January 2011 | ||||||||
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: | ||||||||
Within one year | Exceeding one year but not exceeding 2 years | Exceeding 2 years but not exceeding 3 years | Exceeding 3 years but not exceeding 4 years | |||||
16% of 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 | 12% of amount of such consideration or value | 8% of amount of such consideration or value | 4% of amount of such consideration or value | |||||
3. Article No. 2 of the Third Schedule to the Stamp Duties Act is amended by deleting the words “and (ba)” in paragraphs (a) and (b) and substituting in each case the words “, (ba) and (bb)”.
[MF(R)054.001.0001.V23; AG/LLRD/SL/312/2010/6 Vol. 1]