Stamp Duties Act (Amendment of Fifth Schedule) Notification 2005

Status:

Published in Subsidiary Legislation Supplement
on 08 Jul 2005

No. S 448

Stamp Duties Act

(Chapter 312)

Stamp Duties Act (Amendment of Fifth Schedule) Notification 2005

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.—(1) This Notification may be cited as the Stamp Duties Act (Amendment of Fifth Schedule) Notification 2005.

(2) Paragraph 2 shall have effect in respect of instruments executed on or after 8th July 2005.

Amendment of Fifth Schedule

2. Paragraph 2 of the Fifth Schedule to the Stamp Duties Act is deleted and the following paragraph substituted therefor:

“

2. Any other immovable property —

(a) where there is no difference between the certified value under section 37(3) and the value on which, in the opinion of the applicant for the adjudication, the duty was chargeable

$105 for each certificate of valuation

(b) where there is such a difference —

(i) on the first $10,000 of such difference

(ii) on the next $90,000 of such difference

0.50%

(iii) on the excess where the difference is in excess of $100,000

0.25%, or $105 for each certificate of valuation, whichever is the higher.

”.

Made this 5th day of July 2005.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF R54.001.00001 V18; AG/LEG/SL/312/2002/1 Vol. 1]

Search within Legislation