No. S 454
Stamp Duties Act
(CHAPTER 312)
Stamp Duties
(Transfer of Interest in Property which
Buyer has Interest) (Remission of ABSD)
(Amendment) Rules 2018
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.  These Rules are the Stamp Duties (Transfer of Interest in Property which Buyer has Interest) (Remission of ABSD) (Amendment) Rules 2018 and come into operation on 6 July 2018.
Amendment of rule 2
2.  Rule 2(1) of the Stamp Duties (Transfer of Interest in Property which Buyer has Interest) (Remission of ABSD) Rules 2013 (G.N. No. S 216/2013) (called in these Rules the principal Rules) is amended by inserting, immediately after the definition of “additional buyer’s stamp duty” or “ABSD”, the following definition:
“ “housing developer” has the meaning given to it in paragraph (1) of Article 3 of the First Schedule to the Act;”.
Amendment of rule 3
3.  Rule 3(2) of the principal Rules is amended by deleting sub‑paragraph (b) and substituting the following sub‑paragraph:
(b)in any other case —
(i)if the instrument is executed before 6 July 2018 or the Stamp Duties (Instruments on or before 5 July 2018) (Remission) Rules 2018 (G.N. No. S 453/2018) applies to the instrument, 5% of the amount or value of the consideration of the estate or interest (or the part of the estate or interest) mentioned in paragraph (1)(iii); or
(ii)if the instrument is executed on or after 6 July 2018 and the Stamp Duties (Instruments on or before 5 July 2018) (Remission) Rules 2018 does not apply to the instrument, 10% of the amount or value of the consideration of the estate or interest (or the part of the estate or interest) mentioned in paragraph (1)(iii).”.
Amendment of rule 4
4.  Rule 4(1) of the principal Rules is amended —
(a)by deleting the words “or (viii)” in sub-paragraph (b) and substituting the words “, (viii), (ix) or (x)”;
(b)by deleting the word “and” at the end of sub‑paragraph (b)(vi); and
(c)by deleting the words “or an entity.” at the end of sub‑paragraph (vii) of sub-paragraph (b) and substituting a semi‑colon, and by inserting immediately thereafter the following sub‑paragraphs:
(viii)in the case of sub-paragraph (ix) of paragraph (bf) of the Article, an entity other than a housing developer; and
(ix)in the case of sub-paragraph (x) of paragraph (bf) of the Article, a housing developer.”.
New rule 6
5.  The principal Rules are amended by inserting, immediately after rule 5, the following rule:
ABSD amount remitted in addition to ABSD amount remitted under certain other Rules
6.  The amount of ABSD remitted on an instrument under rule 3 is in addition to any amount of ABSD remitted on the same instrument under the Stamp Duties (Instruments on or before 5 July 2018) (Remission) Rules 2018.”.
[G.N. No. S 301/2014]
Made on 5 July 2018.
TAN CHING YEE
Permanent Secretary,
Ministry of Finance,
Singapore.
[R54.3.0001.V83; AG/LEGIS/SL/312/2015/16 Vol. 1]