Tag: Fifth Schedule to the Stamp Duties Act

Stamp Duties Act (Amendment of Fourth and Fifth Schedules) Notification 2013 [S776/2013] comes into operation on 23 December 2013

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23 December 2013

The Stamp Duties Act (Amendment of Fourth and Fifth Schedules) Notification 2013 [S776/2013] was published in the Government Gazette, Electronic Edition, on 20 December 2013, and shall come into operation on 23 December 2013.

Following the amendment of the Fourth and Fifth Schedules to the Stamp Duties Act, the adjudication fees and valuation fees will be adjusted as follow:

Subject matter of instrument

Adjudication fee

From 23 December 2013 onwards

1 April 2012 to 22 December 2013
A transfer of the undertaking or shares   in respect of a scheme for reconstruction of company or companies, an amalgamation of companies, or a transfer, conveyance or assignment of beneficial interest in assets between associated entities, under sec 15 S$180, irrespective of whether the instrument qualifies for relief under sec 15 S$165, irrespective of whether the instrument qualifies for relief under sec 15
A conversion of a firm or private company to a limited liability partnership under sec 15 S$180, irrespective of whether the instrument qualifies for relief under sec 15 S$165, irrespective of whether the instrument qualifies for relief under sec 15
An acquisition of ordinary shares in a company under sec 15A S$180, irrespective of whether the instrument qualifies for relief under sec 15 S$165, irrespective of whether the instrument qualifies for relief under sec 15
Any immovable property that is sold under Part IV of the Housing and Development Act (Cap. 129)

S$36

S$33
Any other immovable property

S$108

S$99
All other transactions

S$108

S$99

Subject matter of instrument

Valuation fee

From 23 December 2013 onwards

1 April 2012 to 22 December 2013
Any immovable property sold under Part IV of the Housing and Development Act (Cap. 129)

S$36

S$33
Any other property:    
  • Where there is no difference between the certified value under sec 37(3) and the value on which, in the opinion of the applicant for the adjudication, the duty was chargeable

S$126 for each certificate of valuation

S$115 for each certificate of valuation
  • Where there is such a difference:
    
(i) On the first S$10,000 of such difference

1%

1%
(ii) On the next S$90,000 of such difference

0.50%

0.50%
(iii) On the excess where the difference is in excess of S$100,000

0.25% or S$126 for each certificate of valuation, whichever is higher

0.25% or S$115 for each certificate of valuation, whichever is higher

Source: Government Gazette