Land Betterment Charge Bill
Table of Contents
Long Title
Enacting Formula
Part 1 PRELIMINARY
1 Short title and commencement
2 General interpretation
3 Meaning of "chargeable consent"
4 Meanings of "material interest" and "owner"
5 Purpose of Act
Part 2 LAND BETTERMENT CHARGE
6 Land betterment charge is tax
7 Tax is on increase in value of land
8 Leviable increase in value of land
9 Ascertaining amount of land betterment charge
10 Valuation method
11 Table of Rates method
Part 3 CONCESSIONS AND RELIEF
12 General exemption
13 Concessionary relief for planning objectives
14 Remission
Part 4 LIABILITY
Division 1 — Taxable persons
15 Who is liable to pay land betterment charge
16 Assumed liability
17 Apportionment of liability according to material interests
18 Joint liability
19 Interests held on trust
Division 2 — Deferment determinations
20 Deferment of liability by deferment determination
21 Effect of deferment determination
22 Cancelling deferment determination
23 Transfer of deferred liability
Part 5 ASSESSMENT AND COLLECTION
24 When land betterment charge is payable
25 Liability order
26 When liability order must be given
27 Revised liability order
28 Valuation method process
29 Liability order, etc., ceases to have effect when land betterment charge is fully paid
30 Payment of land betterment charge short levied, etc.
Part 6 RECOVERY AND EVASION
Division 1 — Recovery
31 Recovery of land betterment charge
32 Action to recover may be taken any time
33 Priority of case in insolvency
34 Contribution between taxable persons jointly liable
35 Contribution by tenants or occupiers
36 Land betterment charge to be first charge on land
37 Overpayment
Division 2 — Default and penalty tax
38 Interest in case of default
39 Penalty tax payable where illegal development, etc., carried out
40 Rectification order
41 Amount of penalty tax
42 Reduction in penalty tax for voluntary disclosure, etc.
43 Increase in penalty tax for concealment
44 Recovery of penalty tax
45 Evasion
Part 7 APPEAL
46 Interpretation of this Part
47 Appeal to Minister
48 Appeal does not excuse payment
Part 8 ADMINISTRATION
49 Administration of Act
50 Authorised officers
51 Powers of entry, etc., at premises
52 Power to obtain information
53 Power of designated valuer to obtain information
54 Offences for obstruction, etc.
55 Authority to issue evidentiary certificates in respect of certain matters
56 Protection from personal liability
57 Consolidated Fund
58 Composition of offences
59 Offences by corporations
60 Offences by unincorporated associations or partnerships
Part 9 MISCELLANEOUS
61 Interface with other laws
62 Service of documents
63 Application to Government, etc.
64 Regulations by Authority
65 Regulations for Valuation method and Table of Rates method, etc.
Part 10 AMENDMENTS TO OTHER ACTS AND FINAL PROVISIONS
66 Amendments to Planning Act 1998
67 Amendments to Singapore Land Authority Act 2001
68 Saving and transitional provisions
Explanatory Statement
Expenditure of Public Money