/akn/sg/act/sub_leg/1929/SDA-S445-2005

Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005

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Type: Subsidiary Legislation
Status: In force
Enacted: 1929
Sections: 4

Quick answer

About this subsidiary legislation

Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S445-2005 1929, currently marked in force and first recorded in 1929.

Regulation 1

Citation

These Rules may be cited as the Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005.

Regulation 2

Remission of stamp duties chargeable under section 22 (1) of Act

There shall be remitted such amount of duty chargeable under section 22 (1) of the Act that is in excess of $50 on every contract or agreement for the sale between a vendor and a purchaser of any estate or interest in any immovable property where —

(a)

the contract or agreement is rescinded or annulled on or after 18th February 2005 on any ground not specified in section 22 (6) of the Act; and

(b)

the purchaser has not procured the rescission or annulment of the contract or agreement for sale with a view to facilitating the disposition of the property by the vendor to another person.

Regulation 2A

Remission of stamp duties chargeable under section 22A of Act

Amended byS 69/2012 wef 20/02/2010

There shall be remitted such amount of duty chargeable under section 22A of the Act that is in excess of $50 on every contract or agreement for the sale between a vendor and a purchaser of any estate or interest in any immovable property, where —

(a)

the contract or agreement is rescinded or annulled on or after 20th February 2010; and

(b)

duty paid under section 22 of the Act in respect of the contract or agreement is remitted under rule 2.

Regulation 3

Conditions for remission

Amended byS 69/2012 wef 20/02/2010

Subregulation 1

Rules 2 and 2A only apply if —

(a)

a claim is made by the person who paid the duty or by whom it is payable —

(i)

within 6 months from the date of the rescission or annulment of the contract or agreement; or

(ii)

within such further time as the Commissioner may deem reasonable if, in unavoidable circumstances, the instrument cannot be produced within that period of 6 months; and

(b)

the instrument is surrendered for cancellation, unless the Commissioner dispenses with such surrender in a particular case.

Subregulation 2

Amended byS 69/2012 wef 20/02/2010

Paragraph (1)(a)(ii) and (b) does not apply if the instrument has already been surrendered for cancellation for the purpose of an earlier application for remission under these Rules.

Common questions

What is Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005?: Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S445-2005 1929, currently marked in force and first recorded in 1929.
Is Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 still in force?: Yes — Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 is currently in force.
When did Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 take effect?: Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 was first recorded in 1929.
How many regulations does Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 have?: Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 contains 4 regulations.
Where can I read the official version of Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005?: The official text of Stamp Duties (Aborted Sale and Purchase Agreements) (Remission) Rules 2005 is published at sso.agc.gov.sg.