Stamp Duties Act |
Stamp Duties (Section 23) Order 2017 |
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Citation |
1. This Order is the Stamp Duties (Section 23) Order 2017. |
Commencement of sections 23 to 23C of Act |
2. Sections 23 to 23C of the Act are deemed to have come into operation on 11 March 2017. |
Holding period |
3. The holding period under section 23(8)(b) of the Act is 3 years. |
Prescribed percentages |
Prescribed immovable property |
5. For the purposes of the definition of “prescribed immovable property” in section 23(21) of the Act, prescribed immovable property is any immovable property that is —
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Associates under section 23(20)(d) of Act |
6.—(1) For the purposes of section 23(20)(d) of the Act —
[S 744/2022 wef 10/05/2022] |
Application of paragraph 6 to VCCs |
6A.—(1) Subject to section 60L(5) of the Act and sub‑paragraph (2), a reference to an entity in paragraph 6 includes a VCC and for this purpose —
[S 44/2020 wef 15/01/2020] |
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. [S 744/2022 wef 10/05/2022] |
Notice to Commissioner of arrangement |
7.—(1) For the purposes of section 23C(2)(b) of the Act, the person mentioned in sub‑paragraph (2) must, within 14 days after the completion of an arrangement in section 23C(3) of the Act that has the effect mentioned in section 23C(1)(a) of the Act, give to the Commissioner a notice of the arrangement in the form set out at the Internet website at https://www.iras.gov.sg/.
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Period in which arrangement causing entity to be no longer PHE must take place |
8. The period under section 23C(6)(c) of the Act is one year. |
Permanent Secretary, Ministry of Finance, Singapore. |
[R54.1.0002.V8; AG/LEGIS/SL/312/2015/11 Vol. 1] |
(To be presented to Parliament under section 23D(7) of the Stamp Duties Act). |