Proposed amendments to the DDTA

The Budget Measures Implementation Bill (Bill 173 of 2020) has proposed a series of amendments to the Duty on Documents and Transfers Act (CAP 364), including, an amendment to the definition of the term “Document”. The term, which is currently defined as including as a “policy of insurance, bill of sale, a notarial deed and a schedule of redemption of ground rent filed in court”, is proposed to be revised as follows:” “document” means that it includes a policy of insurance, a bill of sale, a notarial deed, a schedule of redemption of ground rent filed in court, and a judgment, decree or order of any court or other lawful authority whereby any immovable or any real right over an immovable is transferred”.

The proposed legislation is summarised in MITAX.