Property Tax (Exemption of Land under Development) (Revocation) Order 2000

Status:

Published in Subsidiary Legislation Supplement
on 25 Feb 2000

No. S 73

Property Tax Act

(Chapter 254)

Property Tax (Exemption of Land under Development) (Revocation) Order 2000

In exercise of the powers conferred by section 6(5B) 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 (Exemption of Land under Development) (Revocation) Order 2000 and shall come into operation on 26th February 2000.

Revocation

2. The Property Tax (Exemption of Land under Development) Order (O 5, 2000 Ed.) is revoked.

Savings

3. Notwithstanding paragraph 2, the revoked Property Tax (Exemption of Land under Development) Order shall continue to apply —

(a)

to vacant land on which construction of a permanent building is undertaken in respect of which —

(i)	approval for the exemption from tax on the land was obtained before 26th February 2000; or
(ii)	a valid permit to commence or carry out building works under section 7 of the Building Control Act (Cap. 29) was obtained before 26th February 2000 and foundation works on the land were commenced before that date; and

(b)

in the case of vacant land being developed in phases, to the land being developed in a phase in respect of which —

(i)	approval for the exemption from tax on the land being developed in that phase was obtained before 26th February 2000; or
(ii)	a valid permit to commence or carry out building works under section 7 of the Building Control Act (Cap. 29) for the land being developed in that phase was obtained before 26th February 2000 and foundation works on that land in respect of that phase were commenced before that date.

Made this 25th day of February 2000.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R50.3.002 Vol. 7; AG/LEG/SL/254/97/1 Vol. 1]

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