Singapore legislation

Regulation 2

of Stamp Duties (Relief from Stamp Duties Upon Conversion of Private Company to Limited Liability Partnership) Rules 2013

Regulation 2

Conditions for relief from ad valorem stamp duty upon conversion of private company to limited liability partnership

The conditions for relief from ad valorem stamp duty in respect of the conversion of a private company to a limited liability partnership referred to in section 15(1A) of the Act are —

(a)

the partners of the limited liability partnership on the date of the conversion (referred to in these Rules as the original partners) were also the shareholders of the private company immediately before that date;

(b)

the assets of the limited liability partnership on the date of the conversion were the sole assets of the private company immediately before that date; and

(c)

the amount of capital contributed by each original partner as at the date of the conversion is the same as the value of all his shares in the private company immediately before that date.

Read in full context — Stamp Duties (Relief from Stamp Duties Upon Conversion of Private Company to Limited Liability Partnership) Rules 2013 →