Stamp duty on transfer of shares in Singapore private companies
Stamp duty is computed on the consideration or total value of the shares transferred, whichever is higher.
Stamp Duty Computation
An example on the computation of stamp duty on transfer of shares in private companies is as follows:
|
What is the stamp duty payable? |
| Number of shares to be transferred |
65,002 |
| Net asset value per share |
$0.50 |
| Consideration |
$10,000 |
Transfer of ordinary shares in private companies
| (1) |
Determine whether Total Net Asset Value or Consideration is higher |
| |
Total Net Asset Value |
= 65,002 x $0.50
= $32,501 (This value is higher than the consideration of $10,000) |
| (2) |
Determine how many parts of $100 in Total Net Asset Value |
| |
Computation |
= $32,501 / $100
= 325.01 (round up to 326) |
| (3) |
Calculation of Stamp Duty payable |
| |
Stamp Duty payable |
= 326 x $0.20
= $65.20 |
|
