Do I need to stamp if I am only renting out a room to a friend or family member? There is no tenancy agreement, just verbal agreement.
Stamp Duty is a tax on document (physical or electronic).
If the tenancy agreement was executed via electronic modes such as WhatsApp, email, websites, or SMS, stamping is still required, and stamp duty is payable.
However, if the rental arrangement is through verbal agreement only, stamping is not required, and Stamp Duty is not payable.
Related questions
If I sign a tenancy agreement with a landlord for room rental, do I need to pay for stamp duty?
Is stamp duty payable for the renewal of a tenancy agreement if there is no change in rental fees?
Is stamping required and is stamp duty payable if an incoming tenant will assume the remaining lease period from the outgoing tenant?
My landlord had given me a supplemental document as the lease period has been amended to 10 months instead of the full year, am I required to stamp the changes?
Need more help?
Get in touch