Singapore legislation
Clause 4
Clause 4
Amendment of section 9
Section 9 of the principal Act is amended by deleting subsections (2) and (3) and substituting the following subsections:“(2) The Minister may, by order published in the Gazette, direct that the tax payable in respect of any property prescribed, or falling within a class of property prescribed, or any part of such property, shall be at a rate or rates less than 36%; and different rates may be specified for different properties or classes of properties prescribed.(3) For the purposes of this Act, a reference to a change in the prescribed class of any property is a reference to the property or part thereof —
being prescribed or falling within a class prescribed by the Minister under subsection (2), where it was previously not so prescribed or it previously did not fall within any prescribed class, as the case may be; or
ceasing to be prescribed or to fall within a prescribed class, whether or not it also falls within any other prescribed class,because of a change in circumstances relating to the property (including a change in the use of the property or part thereof).”.