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

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