5 June 2012

The Stamp Duties Act (Amendment of First Schedule) (No. 2) Notification 2012, published on 31 May 2012, came into operation on 1 June 2012.

In this Notification, Article 8 which relates to the lease or agreement of any immovable property, of the First Schedule to the Stamp Duties Act (Cap 312), is amended by inserting the following exemption:

‘‘3.    Any lease or agreement for a lease referred to in paragraph (a) executed on or after 1st June 2012 in respect of the direct leasing of a flat from the Housing and Development Board under a scheme known as the ‘‘Public Rental Scheme’’.’’

Source: e-Gazette