Search within Legislation

Search Results

Stamp Duties Act

(Chapter 312, Section 74)

Stamp Duties (En-bloc Redevelopments) Remission Order

O 5

G.N. No. S 389/1996

REVISED EDITION 1997

(15th June 1997)

[15th May 1996]

Citation

1. This Order may be cited as the Stamp Duties (En-Bloc Redevelopments) Remission Order.

Definitions

2. In this Order —

“collective agreement” means an agreement made before 15th May 1996 between the owners of residential property for a common sale of their properties;

“HDB flat” means any flat, house or living accommodation sold by the Housing and Development Board under Part IV of the Housing and Development Act (Cap. 129) and includes any shop or commercial property sold by the Board.

Remission of duty on en-bloc redevelopments

3. There shall be remitted all duty chargeable under section 22A of the Act on —

(a)

any conveyance on sale (including any instrument chargeable in like manner) of residential property by any person made in consequence of any collective agreement to which the person is party; or

(b)

any conveyance on sale (including any instrument chargeable in like manner) in respect of any HDB flat situated on land which is the subject of a notification under section 5 of the Land Acquisition Act (Cap. 152) if the conveyance or instrument, as the case may be, is the first conveyance or instrument made —

(i)	on or after the date the notification under section 5 of the Land Acquisition Act was published in the Gazette; but
(ii)	before the notice under section 16 of that Act is served on persons known or believed to be interested in the land. [G.N. No. S 389/96]