Stamp Duty Relief and Anti-Avoidance Provision

LexisNexis Practical Guidance: Singapore Tax, 2018

Posted: 16 Aug 2019

See all articles by Vincent Ooi

Vincent Ooi

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

Date Written: October 1, 2018

Abstract

In certain circumstances, stamp duty reliefs may be applicable to instruments that would otherwise be dutiable, provided that the reliefs are claimed within specified statutory time limits. Such reliefs are distinct from stamp duty remissions, which may be granted by the Minister through the exercise of his powers under Section 74 of the Stamp Duties Act (Cap 312, 2006 Ed.). Under Section 74 of the Stamp Duties Act, the Minister has the discretion to prospectively or retrospectively reduce or remit duties subject to such conditions as he may impose. This power may be exercised on a general basis or on a case-by-case basis. When exercised on a general basis, the Minister will provide for subsidiary legislation in the form of rules and shall specify the conditions (if any) in the rules.

Keywords: Tax Law

Suggested Citation

Ooi, Vincent, Stamp Duty Relief and Anti-Avoidance Provision (October 1, 2018). LexisNexis Practical Guidance: Singapore Tax, 2018. Available at SSRN: https://ssrn.com/abstract=3436538

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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