Singapore legislation
Regulation 2
of Stamp Duties (Instruments on or before 7th December 2011) (Remission) Order 2011
Regulation 2
Remission of duty for option granted on or before 7th December 2011 and subsequent conveyance
Subregulation 1
There shall be remitted all duty under paragraph (bc) of Article 3 of the First Schedule to the Act chargeable on a contract or agreement for the sale of residential property to a purchaser that is conditional on the exercise of an antecedent option, and on any conveyance or transfer of that property to the purchaser.
Subregulation 2
For the purposes of paragraph (1), an antecedent option means an option that —
is granted on or before 7th December 2011;
is exercised on or before 28th December 2011, or the date of expiry of the validity period of the option, whichever is earlier; and
has not been varied at any time after 7th December 2011.
Subregulation 3
In paragraph (2)(b), the date of expiry of the validity period of an option includes any extension of the period if the extension is granted on or before 7th December 2011, but not otherwise.