Singapore legislation
Clause 21
Clause 21
Effect of deferment determination
(1)
A deferment determination that defers a taxable person’s liability to pay all or part of the total amount of any land betterment charge payable has the following effect:
the taxable person’s liability to pay the amount of land betterment charge as at the date of the deferment determination is reduced in accordance with that determination; (b)the person becomes indebted to the Authority for the amount by which the liability is reduced.
(2)
A deferment determination that defers a taxable person’s obligation to pay all or part of each amount of any additional land betterment charge to become payable while the deferment determination is in force has the following effect:
immediately after each amount of the additional land betterment charge becomes payable, the person’s liability to pay the amount of the additional land betterment charge is reduced in accordance with the deferment determination;
the person becomes indebted to the Authority for the amount by which the liability is reduced.
(3)
If a person is indebted to the Authority for an amount referred to in subsection (1)(b) or (2)(b), the amount is not recoverable by the Authority while the deferment determination is in force.