Stamp Duty Assessment & Exemption
Description: Stamp duty assessment and exemption involves evaluating land and property transactions to determine the applicable stamp duty payable or, in certain qualified cases, granting an exemption from the tax.
The assessment ensures that the correct amount - based on the transaction value and nature of the transfer—is calculated and collected in compliance with the law.
In situations such as charitable transfers or transactions involving public institutions, exemptions may be granted upon submission of supporting documents and formal approval.
This process ensures government revenue collection while also allowing for fairness and consideration of special circumstances under the stamp duty framework.
Requirements: Assessment: Executed instruments.
Exemption: Application, instruments to be exempted, supporting documents, copy of title.
Charges: Free