Singapore Government
Singapore Budget 1996
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Budget 1996

  PART I: REVIEW OF THE ECONOMY  
 
 
 
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  PART II: THE FY96 BUDGET  
 
 
 
 
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ANNEXES

 
 
 
 
 
 
   
 

 
 
Budget Speech 1996
   
 
 

ANNEX V: Stamp Duties To Be Abolished

Article No. Description of Instrument
1 Affidavit, Statutory Declaration or Declaration in writing
4 Appointment of a Receiver under a mortgage
5 Appointment of a New Trustee and Appointment in Execution of a Power
6 Articles of Association of a Company
13 Bond on obtaining letters of administration
14 Charterparty
30 Memorandum of Association of a Company
32 Notarial Act
36 Power or Letter of Attorney
37 Promissory Note
39 Receipts
42 Revocation of Power or Letter of Attorney
43 Revocation of Trust
 

Stamp Duties Retained

 
Article No. Description of instrument Current Duty New Duty
11(a)(i) Bond or other instruments being principal security for payment of money over a definite period same as article 31(a)(i.e. 0.4%) As for article 31(a) (i.e. 0.4%-0.5 %)
11(a)(ii) Bond or other instruments being principal security for payment of money over an indefinite period 2% [max $500] no change
11(b)(i) Bond or other instruments being principal security for payment of money over an indefinite period $10 $10
11(b)(ii) Bond or other instruments being additional security to 11(a)(ii) 0.5% [max $500] $10
11(d) Transfer, assignment or disposition of any instrument relating to a lease of any movable property by a lesson Same as article 31(d) As for article 31(d)
12 Bond or other instrument by way of indemnity or security for the due execution of an office, or for the discharge of liabilities $4-$5 $10
16(e) Transfer to trustee $10 lesser of duty under article 16(a)/(b) or $10
16(f)(i) Transfer between trustees where beneficial interest passes as article 16(a)(b) as article 16(a)/(b)
16(f)(ii) Transfer between trustees where beneficial interest does not pass $5 lesser of duty under article 16(a)/(b) or $10
16(g) Transfer of any other kind $10 $10
17 Duplicate lesser of original duty or $2 lesser of original duty or $2
18 Any separate deed of covenant made on the sale or mortgage of any property $10 $10
20 Declaration of Trust $10 $10
21 Dissolution of Partnership $10 $10
29(d) Lease executed in pursuance of a duly stamped agreement $2 $2
29(e) Lease of any other hand $10 $10
31(a) Mortgages, Agreement for a mortgage, bond, covenant and debenture - being principal security for payment of money for the first $1000 - $4; for every further sum of $1000 or part thereof - $5 [max $500] or every $1000 or part thereof - $4 [max $500]
31(c) Mortgages, Agreement for a mortgage, bond, covenant and debenture - being an equitable mortgage for the first $1000 - $2; for every $1000 or part thereof - $2.5 [max $500] for every $1000 or part thereof - $2 [max $500]
31(d) Transfer of mortgage or other instrument for the first $1000 - $2 for subsequent $1000 - $2.5 [max $500] for every $1000 - $2 [max $500]
31(e) Mortgage or other instruments pursuant to a duly stamped agreement $2 $2
31(f) Mortgage or other instruments of any other kind not covered by 31(a)-(e) $10 $10
33 Partnership agreement $10 $10
34 Partition $20 $10
40 Reconneyance $1-$10 $10
44(a) Settlement Same as article 16 Same as article 16
44(b) Settlement pursuant to agreement $2 lesser of duty on settlement or $2
46 Surrender lesser of duty on lease or $10 lesser of duty on lease or $10
 
 

 
   
 
 
   
     
 
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