Regulation 1
Citation and commencement
This Order may be cited as the Stamp Duties (Instruments on or before 7th December 2011) (Remission) Order 2011 and shall be deemed to have come into operation on 8th December 2011.
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Stamp Duties (Instruments on or before 7th December 2011) (Remission) Order 2011 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S695-2011 1929, currently marked in force and first recorded in 1929.
Citation and commencement
This Order may be cited as the Stamp Duties (Instruments on or before 7th December 2011) (Remission) Order 2011 and shall be deemed to have come into operation on 8th December 2011.
Remission of duty for option granted on or before 7th December 2011 and subsequent conveyance
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.
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.
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.
Remission of duty for conveyance if agreement made on or before 7th December 2011
There shall be remitted all duty under paragraph (bc) of Article 3 of the First Schedule to the Act chargeable on a conveyance or transfer of residential property, if the contract or agreement for the sale of the property to the grantee, transferee or lessee is made on or before 7th December 2011.