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Property Tax (Amendment) Bill

Bill No. 1/1968

Read the first time on 24th January 1968.

An Act to amend the Property Tax Ordinance, 1960 (No. 72 of 1960).

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

Short title and commencement

1. This Act may be cited as the Property Tax (Amendment) Act, 1968, and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Amendment of section 2

2. Section 2 of the Property Tax Ordinance, 1960, is hereby amended by inserting immediately after paragraph (d) of the proviso to the definition of “annual value” appearing therein the following new paragraph: —

“(e)

in assessing the annual value of any property which comprises a lot the title to which is issued under the Land Titles (Strata) Act, 1967 (Act 41 of 1967) —

(i)	the subsidiary proprietor of such lot shall be deemed to be the owner thereof;
(ii)	the annual value of such lot shall be determined as if that lot comprised a freehold estate in land; and
(iii)	no separate annual value shall be attributed to the land upon which the subdivided building stands;”.