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No. S 683

Property Tax Act

(Chapter 254)

Property Tax (Non-residential Buildings) (Remission) Order 2002

In exercise of the powers conferred by section 6(5B) of the Property Tax Act, the Minister for Finance hereby makes the following Order:

Citation and commencement

1.—(1) This Order may be cited as the Property Tax (Non-Residential Buildings) (Remission) Order 2002.

(2) This Order shall come into operation on 1st January 2003 and shall remain in operation until 30th June 2003 (both dates inclusive).

Remission of tax and payments in lieu of tax

2. Subject to paragraph 3, there shall be a remission of the following amounts in respect of any building or part thereof which is permitted to be used under the Planning Act (Cap. 232) for any purpose other than for human habitation:

(a)

in the case of any building or part thereof owned and let by a statutory board specified in the Schedule, 30% of any payment made in lieu of tax under section 6(7) of the Act; and

(b)

in any other case, the aggregate of —

(i)	100% of the tax payable on the first $80,000 of the annual value of the building or part thereof; and
(ii)	30% of the tax payable on the annual value of the building or part thereof exceeding $80,000.

Application of Order

3. This Order shall not apply to —

(a)	any building or part thereof owned and occupied by any statutory board for which payment in lieu of tax is made under section 6(7) of the Act;
(b)	any building or part thereof owned and let by any statutory board, other than a statutory board specified in the Schedule, for which payment in lieu of tax is made under section 6(7) of the Act;
(c)	any building or part thereof situated or being erected on any land where the annual value of that property has been assessed as if it were vacant land under section 2(3)(b) of the Act; or
(d)	any building or part thereof situated or being erected on that part of any land which has been demarcated as excess land under section 2(5) of the Act and where the annual value has been separately assessed by deeming that part of the land as vacant land.

Made this 26th day of December 2002.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R50.003.002 V12/R42.6.003. V003; AG/LEG/SL/254/2002/1 Vol. 1]