iras stamp duty​ 4.4 34

iras stamp duty​ 4.4 34

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IRAS stamp duty regulations is a government levy applied on legal documents related to property and shares. Commonly, stamp duty applies to property purchases, leases, and share transfers.

Additional Buyer’s Stamp Duty (ABSD) may apply to certain groups such as foreigners or companies. Stamp duty must be paid within a specific period after the document is executed, usually within 14 days.

IRAS provides detailed guidelines and calculators online to help taxpayers determine the correct stamp duty amount. Some transactions qualify for reduced rates or exemptions based on eligibility more info criteria.

Proper knowledge helps avoid legal issues and unexpected costs..

Using IRAS online tools can help calculate your stamp duty accurately.