Regulation 1
Citation and commencement
This Order is the Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 and comes into operation on 1 July 2024.
/akn/sg/act/sub_leg/2021/LBCA-S547-2024
Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2021
- Sections
- 5
Quick answer
About this subsidiary legislation
Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation LBCA-S547-2024 2021, currently marked in force and first recorded in 2021.
Regulation 2
Definitions
In this Order —“floor area” has the meaning given by the Planning (Development) Rules 2008 (G.N. No. S 113/2008);“specified area” means the area delineated in the map set out in the First Schedule;“specified rate” means a rate specified in the second column of the Second Schedule;“Use Group” means a Use Group specified in the first column of the Second Schedule.
Definition
“floor area” has the meaning given by the Planning (Development) Rules 2008 (G.N. No. S 113/2008);
Definition
“specified area” means the area delineated in the map set out in the First Schedule;
Definition
“specified rate” means a rate specified in the second column of the Second Schedule;
Definition
“Use Group” means a Use Group specified in the first column of the Second Schedule.
Regulation 3
Concessionary relief
Subregulation 1
Subject to sub‑paragraph (5), land betterment charge is not payable, to the extent specified in sub‑paragraph (2), for chargeable consent that —
(a)
is a conservation permission granted in relation to any land within the specified area; and
(b)
entitles a person to carry out any development within the specified area.
Subregulation 2
The amount of land betterment charge that is not payable because of the concession in sub‑paragraph (1) must not exceed the lower of the following:
(a)
$70,000,000;
(b)
the aggregate of the amount for each part of the development authorised by the conservation permission in question that is to be used exclusively for a purpose that falls within a Use Group, where the amount is worked out according to the formula
Subregulation 3
For the purposes of sub‑paragraph (2)(b) —
(a)
A is the floor area of that part of the development;
(b)
B is the specified rate corresponding to the Use Group; and
(c)
C is the percentage specified in the Seventh Schedule to the Land Betterment Charge (Table of Rates and Valuation Method) Regulations 2022 (G.N. No. S 569/2022) corresponding to the remaining tenure in whole years of land lot TS15‑00359T as of 6 May 2022.
Subregulation 4
A reference to any floor area of the development in sub‑paragraph (3)(a) includes the floor area of any part of the development that is for the conservation of one or more buildings within the specified area, mentioned in sub‑paragraph (5).
Subregulation 5
The concession in sub‑paragraph (1) does not apply to any part of the development that is for the conservation of one or more buildings within the specified area.
Subregulation 6
To avoid doubt, this paragraph does not affect paragraph 3 of the Land Betterment Charge (Concessionary Relief) Order 2022 (G.N. No. S 570/2022).
Regulation 4
Withdrawal of concession
A concession under paragraph 3(1) in relation to any development within the specified area ends and is withdrawn if —
(a)
the development is not carried out in accordance with the conservation permission granted for it;
(b)
the development authorised by the conservation permission is not completed within the period of validity (including any extension of the period of validity) of the conservation permission granted for it; or
(c)
another conservation permission is granted to develop the same land within the specified area in a manner that is inconsistent with the conservation of the buildings on the land, and the development is carried out within the period of validity (including any extension of the period of validity) of the second-mentioned permission.
Regulation 5
Effect of withdrawal of concession
Upon a withdrawal of a concession under paragraph 4, the development of land for which the concession was granted must then be disregarded for the purpose of determining the pre‑chargeable valuation of the land.
Common questions
- What is Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024?
- Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation LBCA-S547-2024 2021, currently marked in force and first recorded in 2021.
- Is Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 still in force?
- Yes — Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 is currently in force.
- When did Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 take effect?
- Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 was first recorded in 2021.
- How many regulations does Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 have?
- Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 contains 5 regulations.
- Where can I read the official version of Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024?
- The official text of Land Betterment Charge (Concessionary Relief — Golden Mile Complex) Order 2024 is published at sso.agc.gov.sg.