Stamp Duties (Terminated Leases) (Remission) Rules 2012 come into operation on 20 February 2012

22 February 2012

The Stamp Duties (Terminated Leases) (Remission) Rules 2012, published on 20 February 2012 shall come into operation on 20 February 2012.

The rules cover:

  • Remission of stamp duties for terminated leases and agreements for lease,  whereby if a lease or agreement is terminated on or after 19 February 2011, the amount of duty in excess of $50 that is chargeable on every lease or agreement for a lease of any immovable property will be remitted.
  • Conditions for remission.

Source: e-Gazette