No. S 16
Stamp Duties Act
(Chapter 312)
Stamp Duties Act (Amendment of First and Third Schedules) Notification 2011
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 2011 and shall come into operation on 14th January 2011.
Amendment of First Schedule
2.  Article No. 3 of the First Schedule to the Stamp Duties Act is amended —
(a)by inserting, immediately after the words “30th August 2010” in paragraph (ba), the words “but before 14th January 2011”; and
(b)by inserting, immediately after paragraph (ba), the following paragraph:
“
(bb) 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 14th January 2011
 
 
 
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:
 
 
Within one year
 
Exceeding one year but not exceeding 2 years
 
Exceeding 2 years but not exceeding 3 years
 
Exceeding 3 years but not exceeding 4 years
 
 
16% of 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
 
12% of amount of such consideration or value
 
8% of amount of such consideration or value
 
4% of amount of such consideration or value
”.
Amendment of Third Schedule
3.  Article No. 2 of the Third Schedule to the Stamp Duties Act is amended by deleting the words “and (ba)” in paragraphs (a) and (b) and substituting in each case the words “, (ba) and (bb)”.

Made this 13th day of January 2011.

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