Stamp Duties (Section 23) (Amendment) Order 2022

Status:

Published in Subsidiary Legislation Supplement
on 19 Sep 2022

No. S 744

Stamp Duties Act 1929

Stamp Duties (Section 23)
(Amendment) Order 2022

In exercise of the powers conferred by section 23D(2) of the Stamp Duties Act 1929, the Minister for Finance makes the following Order:

Citation and commencement

1. This Order is the Stamp Duties (Section 23) (Amendment) Order 2022 and is deemed to have come into operation on 10 May 2022.

Amendment of paragraph 6

2. In paragraph 6 of the Stamp Duties (Section 23) Order 2017 (G.N. No. S 100/2017), in the paragraph heading, after “Associates”, insert “under section 23(20)(d) of Act”.

New paragraph 6B

3. In the Stamp Duties (Section 23) Order 2017, after paragraph 6A, insert —

“Associates under section 23(22)(aa) of Act

6B. In a case mentioned in section 23(22)(aa)(i) or (ii) of the Act, a person (X) is an associate of the trustee of the trust concerned if X is a beneficiary of the trust who is not a bare trust beneficiary.”.

[G.N. No. S 44/2020]

Made on 13 September 2022.

LAI WEI LIN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[R054.001.0004.V7; AG/LEGIS/SL/312/2020/18 Vol. 1]

(To be presented to Parliament under section 23D(7) of the Stamp Duties Act 1929).

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