Stamp Duties (Housing Developers) (Remission of ABSD) (Amendment) Rules 2021

Status:

Published in Subsidiary Legislation Supplement
on 28 Jun 2021

No. S 415

Stamp Duties Act

(CHAPTER 312)

Stamp Duties
(Housing Developers)
(Remission of ABSD)
(Amendment) Rules 2021

In exercise of the powers conferred by section 74 of the Stamp Duties Act, the Minister for Finance makes the following Rules:

Citation and commencement

1.—(1) These Rules are the Stamp Duties (Housing Developers) (Remission of ABSD) (Amendment) Rules 2021 and, except for rule 2(a) and (b), come into operation on 28 June 2021.

(2) Rule 2(a) and (b) is deemed to have come into operation on 1 February 2021.

Amendment of rule 3

2. Rule 3 of the Stamp Duties (Housing Developers) (Remission of ABSD) Rules 2013 (G.N. No. S 362/2013) is amended —

(a)

by inserting, immediately after the words “3 years” in paragraph (2A), the words “and 6 months”;

(b)

by inserting, immediately after the words “6 years” in paragraph (2B)(c)(i) and (d), the words “and 6 months”;

(c)

by inserting, immediately after paragraph (2B), the following paragraph:

“(2C) In addition, in a case where the date of execution of the instrument is between 2 June 2020 and 7 May 2021 (both dates inclusive), then —

(a)	the reference to 2 years in paragraph (2)(c) and (e) is each replaced with a reference to 2 years and 6 months; and
(b)	the reference to 5 years in paragraph (2)(d) (in relation to the completion of the housing development) and (f) is each replaced with a reference to 5 years and 6 months.”; and

(d)

by deleting the words “and (2B)” in paragraph (3) and substituting the words “, (2B) and (2C)”.

[G.N. Nos. S 455/2018; S 367/2020; S 876/2020]

Made on 28 June 2021.

TAN CHING YEE

Permanent Secretary,
Prime Minister’s Office (Special Duties),
Singapore.

[R54.1.2. V9; AG/LEGIS/SL/312/2020/2 Vol. 8]

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