Regulation 1
Citation and commencement
These Rules may be cited as the Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 and shall be deemed to have come into operation on 18th February 2010.
/akn/sg/act/sub_leg/1929/SDA-S515-2010
Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1929
- Sections
- 3
Quick answer
About this subsidiary legislation
Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S515-2010 1929, currently marked in force and first recorded in 1929.
Regulation 2
Definitions
In these Rules —“immovable property-related assets” means listed or unlisted debt securities and listed shares issued by property corporations, mortgage-backed securities, other property funds and assets incidental to the ownership of immovable property;“real estate investment trust” means a trust that is constituted as a collective investment scheme authorised under section 286 of the Securities and Futures Act (Cap. 289) and that invests or proposes to invest in immovable property and immovable property-related assets.
Definition
“immovable property-related assets” means listed or unlisted debt securities and listed shares issued by property corporations, mortgage-backed securities, other property funds and assets incidental to the ownership of immovable property;
Definition
“real estate investment trust” means a trust that is constituted as a collective investment scheme authorised under section 286 of the Securities and Futures Act (Cap. 289) and that invests or proposes to invest in immovable property and immovable property-related assets.
Regulation 3
Remission of duty
Amended byS 13/2013 wef 12/01/2013S 13/2013 wef 12/01/2013S 25/2013 wef 12/01/2013
Subregulation 1
Amended byS 13/2013 wef 12/01/2013
There shall be remitted all duty chargeable under the Act on any contract, agreement or instrument executed during the period from 18th February 2010 to 11th January 2013 (both dates inclusive) relating to any of the following:
(a)
the conveyance, assignment or transfer on sale of any immovable property or any interest thereof from any person to a real estate investment trust that —
(i)
is listed on the Singapore Exchange; or
(ii)
is to be listed on the Singapore Exchange —
(A)
within 6 months after the execution of such conveyance, assignment or transfer; or
(B)
within such longer period, and on such terms and conditions, as the Minister or such other person as he may appoint may specify in any particular case;
(b)
the conveyance, assignment or transfer on sale to a real estate investment trust that —
(i)
is listed on the Singapore Exchange; or
(ii)
is to be listed on the Singapore Exchange —
(A)
within 6 months after the execution of such conveyance, assignment or transfer; or
(B)
within such longer period, and on such terms and conditions, as the Minister or such other person as he may appoint may specify in any particular case,of 100% of the issued share capital or of the interest therein of any company incorporated in Singapore —
(AA)that holds, directly or indirectly, immovable property situated outside Singapore; and
(BB)that was set up for the sole purpose of holding, directly or indirectly, such property.
Subregulation 2
Amended byS 13/2013 wef 12/01/2013S 25/2013 wef 12/01/2013
There shall be remitted all duty chargeable under the Act, except for section 22A of the Act, on any contract, agreement or instrument executed during the period from 12th January 2013 to 31st March 2015 (both dates inclusive) relating to any conveyance, assignment or transfer on sale referred to in paragraph (1).
Common questions
- What is Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010?
- Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S515-2010 1929, currently marked in force and first recorded in 1929.
- Is Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 still in force?
- Yes — Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 is currently in force.
- When did Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 take effect?
- Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 was first recorded in 1929.
- How many regulations does Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 have?
- Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 contains 3 regulations.
- Where can I read the official version of Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010?
- The official text of Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 is published at sso.agc.gov.sg.