'99-to-1’ property deals: Stamp duty avoidance or honest mistake

• Main Author: OOI, Vincent
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Stamp duties; tax law; taxation; Singapore taxation; Asian Studies; Property Law and Real Estate; Real Estate
• Online Access: https://ink.library.smu.edu.sg/sol_research/4320; https://ink.library.smu.edu.sg/context/sol_research/article/6278/viewcontent/PropertyDeals_StampDuty_ST20230407_av.pdf
• Institution: Singapore Management University

This article explains in detail the legal issues surrounding the recent ABSD audit and how exactly the general anti-avoidance rule and the stamp duty avoidance surcharge in the Stamp Duties Act 1929 can be invoked by the IRAS.The article highlights the fact that it may not be enough for a property b...