Stamp Duty Issues in Singapore Corporate Practice

(2018) 30 Singapore Academy of Law Journal 949-977

35 Pages Posted: 22 Jan 2018 Last revised: 11 Dec 2018

See all articles by Vincent Ooi

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: January 1, 2018

Abstract

A new dimension to the determination and computation of stamp duties payable in corporate transactions has been introduced due to the Additional Conveyance Duties (“ACD”) Regime. For companies with significant residential property holdings, liability to pay ACD potentially extends to all transactions involving the issuance, transfer or cancellation of equity interests. This paper considers the impact of ACD on several common corporate transactions in Singapore, addressing the risks practitioners may face in being blindsided by potential tax liabilities. Besides highlighting potential pitfalls, this paper explores the use of advance rulings and preferring debt financing over equity financing for tax optimisation.

Keywords: Tax Law, Taxation, Revenue Law, Stamp Duties

Suggested Citation

Ooi, Vincent, Stamp Duty Issues in Singapore Corporate Practice (January 1, 2018). (2018) 30 Singapore Academy of Law Journal 949-977. Available at SSRN: https://ssrn.com/abstract=3102089

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://law.smu.edu.sg/faculty/profile/156436/Vincent-OOI

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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