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<Budget>Paul Chan Proposes Relaxation of Stamp Duty Relief Criteria for Intra-Group Asset Transfers
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Financial Secretary Paul Chan stated that to enhance the business environment and facilitate internal restructuring by enterprises, the Government proposed to relax the criteria for stamp duty relief in relation to the intra-group transfer of assets. This would expand the scope of eligible associated body corporates. The authority will introduce an amendment bill this year and the new arrangement will apply retrospectively to instruments signed from today. AASTOCKS Financial News Website: www.aastocks.com |
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