Agreements for Sale of Equity Interests

Additional conveyance duties (“ACD”) and/ or share duty remissions are applicable to specific contracts/ agreements for the sale of shares or equity interests if the remission conditions are met.

Overview of the ACD and/ or share duty remission for contract/ agreement for sale of equity interests

Agreements for Sale of Equity Interests Flowchart

A. Contract/ Agreement for the sale of shares that is not subject to ACD

Share duty remission is applicable on the contract/agreement for the sale of shares that is not subject to ACD. This is provided for in rule 2 of the Stamp Duties (Agreements for Sale of Equity Interests) (Remission) (Rules). 

The relevant duties remain payable on the executed transfer instrument, if applicable. 

There is no need to e-stamp or submit an application for remission to IRAS.

B. Contract/ Agreement for the sale of scripless shares

ACD and share duty remission is applicable on the contract/ agreement for the sale of scripless shares. This is provided for in rule 3 of the Stamp Duties (Agreements for Sale of Equity Interests) (Remission) (Rules).

The relevant duties remain payable on the executed transfer instrument, if applicable. 

There is no need to e-stamp or submit an application for remission to IRAS.

C. Aborted Contract/ Agreement for the sale of equity interests in an entity

ACD and share duty would apply to the contract/ agreement for the sale of equity interests in a PHE. 

However, if the contract/ agreement is subsequently rescinded or aborted, remission of the amount in excess of $50 for each duty type is applicable under rule 4 of the Stamp Duties (Agreements for Sale of Equity Interests) (Remission) (Rules), subject to the following conditions: 

  1. The purchaser did not procure the rescission with a view to facilitating the disposition of the equity interests by the vendor to another person.
  2. The application for remission together with the supporting documents are submitted to IRAS within 6 months starting on the date of the rescission of the contract/ agreement.
  3. The contract/ agreement is surrendered for cancellation. 

How to Apply

To apply for the remission for aborted contract/ agreement for the sale of equity interests, please email the contract/agreement and the documentary evidence supporting the rescission of the document to estamp@iras.gov.sg within 6 months starting on the date of the rescission of the contract/ agreement. 


In the event that refund can be granted, the refund will be made to the party who is liable for the stamp duty.


Please retain the original contract/ agreement and submit to IRAS when requested.

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