Singapore legislation

Clause 64

Savings and transitional provisions

(1)

An application under section 18C(1) or (1A) of the principal Act that is otherwise a post‑25 March 2016 application within the meaning of the amended section 18C, is considered a pre‑25 March 2016 application for the purposes of that section, if —

(a)

the application is made on or before the date this Act is published in the Gazette; and

(b)

based on the information provided by the applicant, the Minister or the person appointed by the Minister under the amended section 18C is satisfied that, on completion of the construction or renovation, at least 80% of the total floor area of the building or structure is to be used —

(i)

by a single person who is either the applicant or is not related to the applicant within the meaning of the amended section 18C; and

(ii)

for a single prescribed trade or business within the meaning of the amended section 18C.

(2)

In subsection (1), “the amended section 18C” means section 18C of the principal Act as amended by section 19 of this Act.

(3)

For a period of 2 years after the date of commencement of any provision of this Act, the Minister may, by regulations, prescribe such additional provisions of a savings or transitional nature consequent on the enactment of that provision as the Minister may consider necessary or expedient.

Read in full context — Income Tax (Amendment No. 3) Bill →