If the target company holds a long-term lease on a property but does not own any properties, which option should be chosen in the "Company Type" section of the stamping form?

Question

Accepted Answer

A long-term lease recorded as a Non-Current Asset in the company's books is considered as having an immovable property.

Hence, "Private Company with Property in Singapore" should be chosen on the stamping form.

If the target company holds a long-term lease on a property but does not own any properties, which option should be chosen in the "Company Type" section of the stamping form?

Related questions

When does Stamp Duty liability arise for a lease agreement, and can it be paid before the contracting parties have signed?

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

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?

How do I check if my property lease is able to last me until I am 95?