Stamp Duties (Transfer of HDB Flat within Family) (Remission) Rules 2007

No. S 735

Stamp Duties Act

(Chapter 312)

Stamp Duties (Transfer of HDB Flat Within Family) (Remission) Rules 2007

In exercise of the powers conferred by sections 74 and 77 of the Stamp Duties Act, the Minister for Finance hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Stamp Duties (Transfer of HDB Flat within Family) (Remission) Rules 2007 and shall come into operation on 1st January 2008.

Definitions

2. In these Rules, unless the context otherwise requires —

“Central Provident Fund” means the Central Provident Fund established under the Central Provident Fund Act (Cap. 36);

“Central Provident Fund Board” means the Central Provident Fund Board constituted under the Central Provident Fund Act;

“HDB flat” means a flat sold by the Housing and Development Board under Part IV of the Housing and Development Act (Cap. 129), but excludes any flat designated by the Housing and Development Board as an HUDC Phase III or IV flat;

“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act;

“member of the immediate family”, in relation to a remaining lessee of an HDB flat, includes any person who —

(a)	has a direct marital or blood relationship with the remaining lessee; and
(b)	together with other authorised occupiers of the HDB flat, will form a family nucleus with the remaining lessee.

Remission of duty in cases of transfer of HDB flat within family

3. There shall be remitted any duty chargeable under the Act (in accordance with Article 3(a) of the First Schedule to the Act), on any instrument relating to any transfer of any HDB flat made in compliance with the conditions set out in the Schedule, that is in excess of $10.

Revocation

4. The Stamp Duties (Transfer of HDB Flats within the Family) Remission Order (O 2) is revoked.

Made this 19th day of December 2007.

TEO MING KIAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MOF R54.1.0001 Vol. 21; AG/LEG/SL/312/2005/1 Vol. 1]

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