Who appears in Parts A and B
Part A identifies the party who gains beneficial equity or a higher percentage through the arrangement. Part B identifies the party whose beneficial equity becomes nil or decreases. Both require names, identity type and number, with NRIC, FIN, passport and different UEN categories among the choices. Delete inapplicable options.
Entity and arrangement
Part C identifies the entity and its UEN or other identifier. Part D requires a detailed explanation of the arrangement producing the equity change; a separate sheet may be used. Part E confirms Parts A–D are true and correct and requires signatures and dates from both named parties.
Trustee treatment
The footnote includes a trustee holding equity for a beneficiary who is not a bare-trust beneficiary. Under section 23(22)(aa), such trustee is regarded as the beneficial owner for these purposes. Do not assume that the named beneficial owner must always be the ultimate individual beneficiary.
Submission and ACD basis
The notice must reach the Commissioner within 14 days after the beneficial-ownership change in a residential property-holding entity. The form addresses the Commissioner at 55 Newton Road, Revenue House, Singapore 307987, and notes further information may be requested. ACD on increased/decreased equity is calculated from underlying residential-property market value; rates are referred to the IRAS site or the ACD property-holding-entities guide, not stated in this form. This version is dated 21 September 2022.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗