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Singapore Budget 2003
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Budget 2003
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  ANNEXES  
 
 
 
 
 
 
 
 
 
 
 
     

 
 
Budget Speech 2003
   
Promoting Philanthropy
 

Stamp Duty on Donations

 

4.18 At present, IPCs have to pay stamp duties when they receive donations of immovable properties and shares. To lessen the burden on IPCs receiving such donations and to encourage bequests and donations from estates to IPCs, I have decided to exempt all donations to IPCs from stamp duty. This will take effect immediately.

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