On 5 July 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the third edition of e-Tax Guide on Additional Conveyance Duties on Property-Holding Entities.
This e-Tax Guide replaces the second edition which was published on 19 February 2018 to reflect the updated Additional Conveyance Duties for Buyers (ACDB) rates for documents executed on or after 6 July 2018, and inclusion of a new FAQ.
The Additional Conveyance Duties (ACD) applies when buying or selling equity interests (e.g. shares or units) in property-holding entities (PHEs) that own primarily residential properties in Singapore. The ACD provision applies to the purchase or sale of equity interests by persons or entities who are significant owners of the PHE or who become one after the purchase.
Source: IRAS, 7 July 2018