Stamp Duty Exemptions
- Exemption on Incorporation of a Company
Through Legal Notice No. 60 of April 11, 2016, the Cabinet Secretary for the National Treasury exempted the initial nominal share capital of a company with limited liability from ad valorem stamp duty under Section 39 of the Stamp Duty Act. This exemption applies at the point of incorporation or registration of such companies.
- Transfers Between Associated Companies
Under Section 96(1) of the Stamp Duty Act, transfers of real property between associated companies are exempt from stamp duty, provided the specific conditions outlined in the Act are met.
- First-Time Home Buyers (Affordable Housing Scheme)
Section 117(k), introduced through the Tax Laws (Amendment) Act, 2018, exempts first-time homebuyers under the Affordable Housing Scheme from paying stamp duty.