Singapore legislation
Regulation 3
of Stamp Duties (Remnant Land) (Remission of ABSD) Rules 2016
Regulation 3
Remission of ABSD for instruments relating to remnant land
Subregulation 1
Subject to paragraphs (2) and (3), ABSD that is chargeable on the following is remitted:
a conveyance, assignment or transfer on sale by the Authority of remnant land; and
any instrument between the Authority and the purchaser, grantee, transferee or assignee that is chargeable in like manner.
Subregulation 2
The remission under this rule is subject to all of the following conditions:
the purchaser, grantee, transferee or assignee of the remnant land is an individual;
the remnant land adjoins another plot of land (called in this rule the primary plot) that is —
residential property; and
beneficially owned by the purchaser, grantee, transferee or assignee;
the remnant land is to be used by the purchaser, grantee, transferee or assignee, for a residential purpose or a purpose which is incidental to a residential purpose;
no part of the primary plot or the remnant land is conveyed, assigned, transferred or disposed of within 4 years starting from the date of execution of the instrument in paragraph (1).
Subregulation 3
Paragraph (1) does not apply to any instrument relating to remnant land that is to be held as partnership property.
Subregulation 4
Paragraph (1) does not apply to an instrument (being one executed on or after 9 May 2022) where the purchaser, grantee, transferee or assignee is, or (if there is more than one of them) all of them are, to hold the remnant land on trust.