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No. S 572

Land Betterment Charge Act 2021

Land Betterment Charge
(Deferment) Regulations 2022

In exercise of the powers conferred by section 65(1) of the Land Betterment Charge Act 2021, the Minister for Law makes the following Regulations:

Citation and commencement

1. These Regulations are the Land Betterment Charge (Deferment) Regulations 2022 and come into operation on 1 August 2022.

Extra criteria for deferment determination

2.—(1) For the purposes of section 20(2)(b) of the Act, a deferment determination deferring payment of any land betterment charge payable by a taxable person in respect of a chargeable consent given in relation to a development or subdivision of, or a controlled activity with respect to, any land may be granted if —

(a)	the taxable person satisfies the criteria in paragraph (2); and
(b)	the land satisfies the criteria in paragraph (3).

(2) The taxable person is a public authority.

(3) The land is the subject of a sub-lease granted by a public authority from under a State title lawfully granted to the public authority.

Made on 4 July 2022.

LOH KHUM YEAN

Permanent Secretary,
Ministry of Law,
Singapore.

[LAW 09/001/2655857; AG/LEGIS/SL/152A/2020/3 Vol. 1]

(To be presented to Parliament under section 65(6) of the Land Betterment Charge Act 2021).