7 January 2013

The Stamp Duties (Real Estate Investment Trusts)(Remission)(Amendment) Rules 2013, published on 11 January 2013, shall come into operation on 12 January 2013.

Rule 3 of the Stamp Duties (Real Estate Investment Trusts) (Remission) Rules 2010 (GN No. S 515/2010) which relates to remission of stamp duty on any contract, agreement or instrument executed during the period from 18th February 2010 to 31st March 2015 (both dates inclusive), is amended:

• by deleting the words ‘‘31st March 2015’’ and substituting the words ‘‘11th January 2013’’;
• by renumbering the rule as paragraph (1) of that rule, and by inserting immediately thereafter the following paragraph:

‘‘(2) There shall be remitted all duty chargeable under the Act, except for section 22A of the Act, on any contract, agreement or instrument executed during the period from 12th January 2013 to 31st March 2015 (both dates inclusive) relating to any conveyance, assignment or transfer on sale referred to in paragraph (1)(a).’’.

Source: Government Gazette