3.—(1) For the purposes of Part 2A of the Act, “prescribed property” is any immovable property that comprises or includes one or both of the following:
(a)
a Type A property;
(b)
a Type B property,
whether or not it includes any other immovable property, and whether owned by the Government or a statutory board or otherwise, but excludes any of the properties in paragraph (2).
(2) For the purposes of paragraph (1), the properties excluded are —
(a)
any property the annual value of which has been assessed as if it were vacant land under section 2(6)(b) of the Property Tax Act 1960; and
[S 151/2023 wef 31/12/2021]
(b)
any property that is exempt from payment of property tax under section 6(6), (7) and (8) of the Property Tax Act 1960.