Regulation 1
Citation and commencement
These Rules may be cited as the Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 and shall be deemed to have come into operation on 12th January 2013.
/akn/sg/act/sub_leg/1929/SDA-S75-2013
Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1929
- Sections
- 3
Quick answer
About this subsidiary legislation
Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S75-2013 1929, currently marked in force and first recorded in 1929.
Regulation 2
Definition
In these Rules, “additional buyer’s stamp duty” means the duty under paragraph (bf) of Article 3 of the First Schedule to the Act.
Regulation 3
Remission of duty for option granted on or before 11th January 2013 and subsequent conveyance
Subregulation 1
There shall be remitted the prescribed amount of additional buyer’s stamp duty 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) —
(a)
the prescribed amount of additional buyer’s stamp duty chargeable on an instrument is the difference between —
(i)
the amount of additional buyer’s stamp duty chargeable on that instrument; and
(ii)
the amount of duty under paragraph (bc) of Article 3 of the First Schedule to the Act that would have been chargeable on that instrument if the Stamp Duties Act (Amendment of First and Third Schedules) Notification 2013 (G.N. No. S 12/2013) had not been in force; and
(b)
an antecedent option is an option that —
(i)
is granted on or before 11th January 2013;
(ii)
is exercised on or before 1st February 2013, or the date of expiry of the validity period of the option, whichever is the earlier; and
(iii)
has not been varied at any time after 11th January 2013.
Subregulation 3
In paragraph (2)(b)(ii), 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 11th January 2013, but not otherwise.
Common questions
- What is Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013?
- Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S75-2013 1929, currently marked in force and first recorded in 1929.
- Is Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 still in force?
- Yes — Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 is currently in force.
- When did Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 take effect?
- Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 was first recorded in 1929.
- How many regulations does Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 have?
- Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 contains 3 regulations.
- Where can I read the official version of Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013?
- The official text of Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 is published at sso.agc.gov.sg.