Publication Type
Journal Article
Version
publishedVersion
Publication Date
4-2018
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
Discipline
Asian Studies | Taxation | Tax Law
Research Areas
Corporate, Finance and Securities Law
Publication
Singapore Academy of Law Journal
Volume
30
First Page
949
Last Page
977
ISSN
0218-2009
Publisher
Singapore Academy of Law
Citation
OOI, Vincent.
Stamp duty issues in Singapore Corporate Practice. (2018). Singapore Academy of Law Journal. 30, 949-977.
Available at: https://ink.library.smu.edu.sg/sol_research/2786
Copyright Owner and License
Author
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.