If I had extended the tenancy period, do I need to stamp on the extension? And how is the stamp duty computed?

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Accepted Answer

Stamp Duty is a tax on documents (physical or electronic), and there is no stamp duty liability if no documents are executed.

If there is a document executed to extend the lease, stamp duty is payable based on the extended lease period. The lease duty rate is 0.4%.

You can stamp the document at myTaxPortal, click on "Stamp Duty" and under "Stamping" > "Lease/Tenancy" > select "Variation of Lease" under the Nature of Transaction.

If I had extended the tenancy period, do I need to stamp on the extension? And how is the stamp duty computed?

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