Property Tax (Amendment) Act 1987 - Singapore Statutes Online

REPUBLIC OF SINGAPORE

GOVERNMENT GAZETTE

ACTS SUPPLEMENT

Published by Authority

NO. 6]

Friday, February 20

[1987

The following Act was passed by Parliament on 26th January 1987 and assented to by the President on 14th February 1987:—

Property Tax (Amendment) Act 1987

(No. 4 of 1987)

I assent.

WEE KIM WEE

President.

14th February 1987.

Date of Commencement: 20th February 1987

An Act to amend the Property Tax Act (Chapter 144 of the Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:

Short title and commencement

1.—(1) This Act may be cited as the Property Tax (Amendment) Act 1987.

(2) Sections 2 and 4 shall be deemed to have come into operation on 1st July 1986.

(3) Section 3 shall be deemed to have come into operation on 1st July 1985.

Amendment of section 2

2. Section 2 of the Property Tax Act (referred to in this Act as the principal Act) is amended by inserting, immediately after paragraph (f) of the proviso to the definition of “annual value”, the following paragraph:

“(g)

in assessing the annual value of any property required to be assessed on the basis of gross receipts by any order made under section 6A, the Chief Assessor shall determine the annual value of the property in the manner specified in the order and the amount so determined shall be deemed to be the annual value of the property;”.

Amendment of section 6

3. Section 6 of the principal Act is amended by inserting, immediately after subsection (5), the following subsection:

“(5A) The Minister may by order published in the Gazette remit or exempt wholly or in part the tax payable in respect of such category of properties for such period and subject to such conditions as he may specify in the order.”.

New section 6A

4. The principal Act is amended by inserting, immediately after section 6, the following section:

“Valuation by gross receipts

6A. The Minister may by order published in the Gazette require the annual value of any property or part thereof falling within such category as may be prescribed to be assessed on the basis of the gross receipts (whether in the preceding or current year) arising from the use of that property for the purposes of any trade or business and such assessment shall be determined in such manner as specified in the order.”.

Amendment of section 18

5. Section 18 (7) of the principal Act is amended by deleting the colon at the end of paragraph (d) and substituting a semi-colon, and by inserting immediately thereafter the following paragraph:

“(e)

the Chief Assessor is of the opinion that the annual value of any property or part thereof in the Valuation List required to be assessed on the basis of gross receipts by any order made under section 6A does not correctly represent the annual value as evidenced by the gross receipts arising from the use of that property for the purposes of any trade or business and determined in the manner specified in the order:”.

Amendment of section 20

6. Section 20 (1) of the principal Act is amended by deleting the word “six” in the seventh line and substituting “9”.

Amendment of section 46

7. Section 46 (2) of the principal Act is amended by deleting the words “house or building” wherever they appear and substituting in each case the word “property”.

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