1998 Concession On Stamp Duty For Properties Withdrawn
The 1998 concession on deferment of payment of stamp duty on agreements for purchase of properties will be withdrawn with immediate effect from 15 December 2006. Henceforth, the purchase of a property will pay stamp duty based on normal stamp duty rule that is within 14 days after the date of the sale and purchase agreement or the date of acceptance of the option to purchase.
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