Tag: Stamp duty
Is stamp duty paid on leases?
Why rent when it seems you have to pay for stamp duty on your lease agreement no matter the length of time on your lease? I’ve never paid this stamp duty but if it is the case, it makes more sense to buy. Can you confirm that lease agreements regardless of the length of time […]
Stamp duty on bank transactions
On what basis does government charge 25 cents stamp duty on a transfer from a customer’s savings account to his checking account? This is just an internal transfer. Auntie’s answer: The reason seems to be “because they can” as a way to bring in money to the government, under the Stamp Duty Law (2013 Revision). […]
How is stamp duty assessed on inherited property?
I am leaving my house to my children in my will. When I die, will they have to pay stamp duty on their inheritance? If so, how would government work out what that is? Auntie’s answer: Finally, I am able to tell someone that the government will not take a fee for something. Yes, that’s […]
