No. S 474
Stamp Duties Act
(Chapter 312)
Stamp Duties Act (Amendment of First and Third Schedules) Notification 2010
In exercise of the powers conferred by section 78 of the Stamp Duties Act, the Minister for Finance hereby makes the following Notification:
Citation and commencement
1.  This Notification may be cited as the Stamp Duties Act (Amendment of First and Third Schedules) Notification 2010 and shall come into operation on 30th August 2010.
Amendment of First Schedule
2.  Article No. 3 of the First Schedule to the Stamp Duties Act is amended by inserting, immediately after paragraph (a), the following paragraphs:
(b) on sale of immovable property (or part thereof) which, under the Master Plan, may be used for solely residential purposes or for mixed purposes, one of which is residential; and which is acquired on or after 20th February 2010 but before 30th August 2010
 
 
In addition to duty under paragraph (a), where the property or part thereof is disposed of in the following period from the date of its acquisition:
Amount of consideration or value (whichever is applicable) of the property or, in the case of property for mixed purposes, the part of the property used for residential purposes
 
 
Within one year
 
(i) for every $100 or any part thereof of the first $180,000
 
$1
 
(ii) for every $100 or any part thereof of the next $180,000
 
$2
 
(iii) thereafter for every $100 or any part thereof
 
$3
(ba) on sale of immovable property (or part thereof) which, under the Master Plan, may be used for solely residential purposes or for mixed purposes, one of which is residential; and which is acquired on or after 30th August 2010
 
 
In addition to duty under paragraph (a), where the property or part thereof is disposed of in the following periods from the date of its acquisition:
Amount of consideration or value (whichever is applicable) of the property or, in the case of property for mixed purposes, the part of the property used for residential purposes
 
Within one year
Exceeding one year but not exceeding 2 years
Exceeding 2 years but not exceeding 3 years
 
(i) for every $100 or any part thereof of the first $180,000
 
$1
 
$0.67
 
$0.33
 
(ii) for every $100 or any part thereof of the next $180,000
 
$2
 
$1.33
 
$0.67
 
(iii) thereafter for every $100 or any part thereof
 
$3
 
$2
 
$1
”.
Amendment of Third Schedule
3.  Article No. 2 of the Third Schedule to the Stamp Duties Act is deleted and the following Article substituted therefor:
2. CONVEYANCE — Article No. 3(a) to (i)
 
 
(a) for all purposes other than Article No. 3(b) and (ba)
The grantee, transferee or lessee
 
(b) for the purposes of Article No. 3(b) and (ba)
The grantor or transferor
”.

Made this 30th day of August 2010.

PETER ONG
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF(R)054.001.0001.V23; AG/LLRD/SL/312/2010/6 Vol. 1]