The third volume of this LexisNexis Annotated Statutes of Singapore series which focuses on the Stamp Duties Act, provides an excellent resource for the many interesting and significant developments in Stamp Duties especially in recent years. It comprehensively explains how stamp duty can impact businesses, families and individuals in relation to documents used in their commercial and non-commercial dealings.
This volume addresses, in particular, all the important changes in the last decade, whether they arose from legislative changes or from decisions of the Singapore courts. It covers the latest changes made in 2010 such as the re-introduction of the seller's duty and a remission for mergers and acquisitions. The book also identifies and discusses some of the anomalies which may arise from how stamp duty is to be applied under the provisions of the Stamp Duties Act. It also highlights and explains the different cases of obtaining a remission of duty.
Major areas covered in this book include transfer of assets involving not just companies but also business trusts, statutory bodies and limited liability partnerships, transfer of assets from a firm converting to a limited liability partnership, real estate investment trusts and Islamic financing and debt securities. Project financing, securitisation companies, conveyance directions and abortive sales, the re-introduction of a seller's duty in the sale and purchase of residential properties and mergers and acquisitions (M&A) are also addressed extensively.
An authoritative resource on the Stamp Duties Act and a must-have for practitioners in the field and business enterprises, this book provides a timely resource for those who need to explore or understand this area of law.
