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From the nineteenth century Singapore used revenues of the Straits Settlements. In 1948, the first revenue stamps exclusively for use in Singapore were issued. Three values were issued - $25, $50 and $100 - and the stamps portrayed King George VI. The $25 and $100 were reprinted in 1951 and 1953 respectively using a different perforation.
Stamp duty was formerly a graduated progressive tax with the more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [ 7 ]
It was introduced by the Howard Government on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out the various state and territory taxes such as banking taxes, stamp duty and land value tax. While this was the stated intent at the time, the States still charge duty on a various transactions, including ...
Stamp Duty Land Tax (SDLT) is a progressive tax which applies when purchasing "a residential property or a piece of land in England or Northern Ireland". [67] As of 2023, the purchase of a primary residence worth up to £250,000, by a UK resident, is tax-free with respect to SDLT. [ 67 ]
Machine Gun Kelly is "doing the best he can" to get back together with Megan Fox following their breakup, with sources claiming the rapper "remains hopeful."
NFL Commissioner Roger Goodell on Wednesday said the league is aware of a lawsuit that accuses musician Jay-Z of rape but said it is not impacting the NFL's partnership with the rap mogul's Roc ...
From 3 June 1959, Singapore became a self-governing state as the State of Singapore. Five sets of commemorative stamps were issued in this period, to mark the New Constitution in 1959 and National Days in 1960, 1961, 1962 and 1963. All were inscribed State of Singapore. Beginning in 1960, the portrait of the British crown no longer appeared on ...
LeBron James had 32 points and the Los Angeles Lakers beat the Sacramento Kings 103-99 to sweep a two-game set on Saturday. Trailing 101-99 with 12 seconds left, the Kings had a chance to tie ...