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Stamp Duties Act

(Chapter 312, Section 22A(10))

Stamp Duties (Acquisition and Disposal of HDB Flats) Rules

R 1

REVISED EDITION 1997

(23rd August 1996)

[23rd August 1996]

Citation

1. These Rules may be cited as the Stamp Duties (Acquisition and Disposal of HDB Flats) Rules.

Definitions

2. In these Rules, unless the context otherwise requires —

“Board” means the Housing and Development Board established under the Housing and Development Act (Cap. 129);

“effective date of transfer”, in relation to any acquisition or disposal of any flat, means the date determined by the Board to be the effective date of transfer of the flat;

“flat” means a flat sold by the Board under Part IV of the Housing and Development Act;

“lessee”, in relation to a flat, means a purchaser of a leasehold interest in the flat and includes a purchaser under an agreement for lease of the flat.

Acquisition of flat

3. For the purposes of section 22A of the Act, where a flat is directly sold by the Board to a lessee, the time at which the lessee acquires the flat shall be the date of the agreement for lease of the flat.

Disposal of flat

4. For the purposes of section 22A of the Act, where a lessee disposes of his entire interest in a flat to another person, or jointly to himself and another person as co-lessees, the time at which the lessee disposed of the flat, and the time at which the other person or the co-lessees, as the case may be, acquired the flat shall be the effective date of transfer of the flat.

[G.N. No. S 387/96]