Is stamping required and is stamp duty payable if an incoming tenant assumes the remaining lease period from the outgoing tenant?

Updated by IRAS 1y ago

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Stamping is not required, and stamp duty is not payable if there is a Novation agreement, provided that:

1. The incoming tenant takes over the remaining lease period from the outgoing tenant, with no change in the lease terms and monthly rent.

2. There is no consideration paid between the parties.

Topics:

Stamp Duty Lease Duty

Related questions

Is stamping required and stamp duty payable when a new tenant takes over the remaining lease period from an outgoing tenant, with a 1.5-month extension but no consideration paid.

Is additional stamp duty required if the rent is increased after the initial stamp duty was paid on the original tenancy agreement?

Is re-stamping required when adding a new tenant to an already stamped lease agreement?

Is re-stamping required when a new tenant replaces the original tenant, with all other terms, conditions, and rent remaining unchanged?

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