Disbursements in connection with purchase or acquisition, etc.
8.—(1) Subject to regulation 4D, where a member is required to pay any stamp duties, fees or other charges in connection with —
(a)
the purchase or acquisition of a house or flat by the member, whether or not moneys were withdrawn under these Regulations for such purchase or acquisition;
[S 706/2007 wef 01/01/2008]
(aa)
any change in the manner of holding of a house or flat (in which the member has an estate or interest) from a joint tenancy to a tenancy in common, or vice versa;
[S 690/2012 wef 01/01/2013]
(ab)
the transfer of any part (but not the whole) of the member’s estate or interest in a house or flat to any other person;
[S 690/2012 wef 01/01/2013]
(b)
the creation or discharge of a mortgage on a house or flat purchased or acquired by, or transferred or assigned to, the member;
[S 706/2007 wef 01/01/2008]
(c)
the transfer or assignment to the member of a house or flat; or
(d)
the withdrawal of moneys under these Regulations,
the Board may, on the application of the member and subject to such terms and conditions as the Board may impose, authorise the whole or part of the amount standing to his credit in the Fund to be withdrawn and used for that purpose.
[S 706/2007 wef 01/01/2008]
[S 239/2015 wef 24/04/2015]
(2) For the avoidance of doubt, where a member is required to pay any stamp duties, fees or other charges in connection with —
(a)
any divestment, whether by sale, transfer, assignment or otherwise, by the member of the whole of his interest or title in a house or flat; or
[S 690/2012 wef 01/01/2013]
(b)
the discharge of any mortgage on a house or flat upon divestment by the member of the whole of his interest in such house or flat,
[S 690/2012 wef 01/01/2013]
no amount standing to his credit in the Fund shall be withdrawn for that purpose.