Singapore legislation
Clause 2
Clause 2
Amendment of section 2
Section 2(1) of the Stamp Duties Act 1929 (called in this Act the principal Act) is amended by inserting, immediately before the definition of “Commissioner”, the following definition:“ “bare trust beneficiary”, in relation to a trust over property, means a person —
(a)
who is identified in the declaration of trust as a beneficiary of that property; and
(b)
who, upon the declaration of the trust, has beneficial ownership of that property;”.