Singapore legislation
Regulation 5
of Income Tax (FLCT UK 1 Pte. Ltd., etc. — Section 13(12) Exemption) Order 2024
Regulation 5
Exemption for FLCT UK 4 Pte. Ltd.
Subregulation 1
Dividend income received in Singapore by FLCT UK 4 Pte. Ltd. (a company incorporated in Singapore) from FLCT Ellesmere Port Property Co Limited (a company incorporated in Jersey) on or after 18 April 2023, is exempt from tax.
Subregulation 2
Trust distribution income received in Singapore by FLCT UK 4 Pte. Ltd. from FLCT Ellesmere Trustee 1 Limited (a company incorporated in Jersey) and FLCT Ellesmere Trustee 2 Limited (a company incorporated in Jersey) in their capacities as the joint trustees of FLCT Ellesmere Trust (a trust constituted in Jersey) on or after 18 April 2023, is exempt from tax.
Subregulation 3
Interest income received in Singapore by FLCT UK 4 Pte. Ltd. from FLCT Ellesmere Trustee 1 Limited and FLCT Ellesmere Trustee 2 Limited in their capacities as the joint trustees of FLCT Ellesmere Trust on or after 22 February 2022, is exempt from tax.
Subregulation 4
The exemptions in sub‑paragraphs (1), (2) and (3) are subject to the terms and conditions specified in the letters from the Ministry of Finance with the dates “19 Apr 2023 (Revised on 3 May 2023)” and “11 Apr 2024” and addressed to EY Corporate Advisors Pte. Ltd.