Prescribed property
3.—(1)  For the purposes of Part 12 of the Act, “prescribed property” is any immovable property that comprises or includes —
(a)any property specified in Part 2 of the First Schedule or a part of such property; or
(b)any property that —
(i)is a property specified in Part 2 of the First Schedule (or a part of such property) during any portion or portions of the relevant period, and a property specified in Part 3 of the First Schedule (or a part of such property) during the remaining portion or portions of the relevant period, due to one or more changes in the use of the property; and
(ii)is leased or licensed to the same tenant during the relevant period,
whether or not the immovable property includes any other property.
(2)  However, the following are not prescribed properties:
(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;
[S 152/2023 wef 31/12/2021]
(b)any property that is exempt from payment of property tax under section 6(6), (7) or (8) of the Property Tax Act 1960.
[S 152/2023 wef 31/12/2021]