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.
On this page:

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 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 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However, if the contract/ agreement is subsequently rescinded or aborted, remission of the amount in excess of $50 for each duty type is applicable under rule 4 of the Stamp Duties (Agreements for Sale of Equity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

You can apply for the remission/ refund via myTax Portal (Stamp Duty Login) > "Request" > "Apply for Refund" and provide the contract/ agreement and the documentary evidence supporting the rescission of the document within 6 months starting on the date of the rescission of the contract/ agreement. Please note that this service is available only on desktop and not on mobile devices.

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.