Is stamp duty payable for the renewal of a tenancy agreement if there is no change in rental fees?
Yes, stamp duty is applicable for the renewal of a tenancy agreement even if there are no changes in the rental fees. Stamp duty is a tax imposed on documents related to immovable properties, stocks, and shares, so stamping is required when the document for the renewal of the tenancy agreement is executed.
You can stamp the tenancy agreement by following these steps:
1. Log in to myTax Portal and navigate to "Stamp Duty".
2. Click on "Stamping" on the top navigation bar.
3. Select "Lease & Tenancy".
Related questions
If I sign a tenancy agreement with a landlord for room rental, do I need to pay for stamp duty?
Is additional stamp duty required if the rent is increased after the initial stamp duty was paid on the original tenancy agreement?
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.
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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