STAMP DUTY (EXEMPTION) (NO.8) ORDER 2000

STAMP DUTY (EXEMPTION) (NO.8) ORDER 2000

 

IN exercise of the powers conferred by subsection 80(1) of the Stamp Act 1949 [Act 378], the Minister makes the following order:

Citation and commencement

1. (1) This order may be cited as the Stamp Duty (Exemption) (No. 8) Order 2000.

(2) This Order shall be deemed to have come into operation on 30 October 1999.

Interpretation

2. For the purpose of this Order, "financier" means any bank, financial institution or leasing company.

Exemption

3. An Al-Ijarah Head Lease Agreement of immovable property executed between a customer (as the lessor) and a financier for the purpose of lease back to that customer pursuant to a scheme of Al-Ijarah Term Financing Facility is exempted from stamp duty.

 

[Amended by Stamp Duty (Exemption) Order 2004 P.U. (A) 364]

Made 22 February 2000.

[Perb. R(8.20) 116/1-138(2000) (Sk. 17); LHDN. 01/34/42/68-180-1(40/99);

PN(PU2)159/XXII]

 

On behalf and in the name of the Minister of Finance,

CHAN KONG CHOY

Deputy Minister of Finance