Singapore legislation

Clause 2

Amendment of section 2

Section 2 of the Stamp Duties Act (referred to in this Act as the principal Act) is amended —

(a)

by deleting the definitions of “bill of exchange”, “charterparty”, “power of attorney”, “promissory note” and “receipt”;

(b)

by inserting, immediately after the definition of “marketable security”, the following definition:“ “Master Plan” has the same meaning as in section 2 of the Planning Act [Cap. 232];”; and

(c)

by inserting, immediately after the definition of “proper officer”, the following definition:“ “residential property” means —

(a)

any house, building or other premises or any part thereof which is permitted to be used pursuant to the Planning Act [Cap. 232] or any other written law as a dwelling-house or which is lawfully so used; or

(b)

any land zoned in the Master Plan for solely residential purposes or for mixed purposes, one of which shall be residential,and shall include any estate or interest therein;”.

Read in full context — Stamp Duties (Amendment) Bill →