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No. S 602

Property Tax Act

(Chapter 254)

Property Tax (Residential Properties) (Remission) Order 2007

In exercise of the powers conferred by section 6(8) of the Property Tax Act, the Minister for Finance hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Property Tax (Residential Properties) (Remission) Order 2007 and shall come into operation on 1st January 2008.

Definition

2. In this Order, “owner-occupied”, in relation to a dwelling-house, means a dwelling-house occupied for residential purposes by the person, not being a company or an association or a body of persons, whose name appears in the Valuation List as the owner of the dwelling-house.

Remission of property tax

3.—(1) Subject to this Order, there shall be allowed for the period from 1st January 2008 to 31st December 2009, a remission of an amount of $100 of the annual property tax payable in respect of any —

(a)	owner-occupied dwelling-house to which the Property Tax (Rate for Owner-Occupied Residential Premises) Order (O 10) applies; and
(b)	vacant land to which the Property Tax (Residential Premises under Construction) (Remission) Order (O 17) applies.

(2) Where the annual property tax payable in respect of a dwelling-house or vacant land referred to in sub-paragraph (1) is less than $100, the remission in respect of that dwelling-house or vacant land, as the case may be, shall be the amount of the annual property tax payable.

(3) Where a dwelling-house is not owner-occupied during any part of the period of remission referred to in sub-paragraph (1), the owner of the dwelling-house shall be allowed the remission for such period that the dwelling-house is owner-occupied on a pro-rata basis.

(4) Where the Property Tax (Residential Premises under Construction) (Remission) Order ceases to apply in respect of a vacant land during any part of the period of remission under sub-paragraph (1), the owner of the vacant land shall be allowed the remission for such period that that Order applies in respect of the vacant land on a pro-rata basis.

Made this 30th day of October 2007.

TEO MING KIAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MOF R42.2.2730V2; AG/LEG/SL/254/2002/1 Vol. 3]