Prescribed qualifying cost
3.—(1)  For the purposes of Part 8C of the Act, “qualifying costs” (as defined in section 39G of the Act) includes the following:
(a)any storage costs for any thing that would have been stored in the unit or units in question if there had been no delay in receiving possession of the unit or units and any costs for moving that thing to storage, incurred for the relevant period;
(b)where the purchaser in question obtains alternative premises (whether by entering into a lease or licence agreement for any premises or extending the term of an existing lease or licence agreement for any premises) —
(i)any stamp duty or legal fees incurred for the agreement; and
(ii)subject to paragraph (2), any penalties incurred for the early termination of the agreement, if the relevant period ends before the end date of the agreement;
[S 711/2021 wef 24/09/2021]
(c)where the delay is in receiving possession of the unit or units of housing accommodation in question under an affected agreement and, instead of obtaining alternative housing accommodation, the purchaser in question obtains alternative accommodation in a hotel, hostel, serviced apartment, boarding house, lodging house or dormitory (whether by entering into a lease or licence agreement or extending the term of an existing lease or licence agreement) —
(i)any rent for such alternative accommodation for the relevant period;
(ii)any estate agent fees incurred for securing the alternative accommodation;
(iii)any moving costs incurred in moving to the alternative accommodation;
(iv)any stamp duty or legal fees incurred for the lease or licence agreement; and
(v)subject to paragraph (2), any penalties incurred for the early termination of the lease or licence agreement, if the relevant period ends before the end date of the agreement.
[S 711/2021 wef 24/09/2021]
(2)  Despite paragraph (1)(b)(ii) and (c)(v), any amount of penalty in excess of the amount of one month’s rent under the lease or licence agreement mentioned in paragraph (1)(b) or (c), is not treated as qualifying costs for the purposes of Part 8C of the Act.
[S 711/2021 wef 24/09/2021]
(3)  In this regulation, “relevant period” means the period mentioned in paragraph (a) of the definition of “qualifying costs” in section 39G of the Act.