Singapore legislation
Regulation 5
of Land Betterment Charge (Table of Rates and Valuation Method) Regulations 2022
Regulation 5
Working out pre-chargeable valuation: general
Subregulation 1
Subject to Divisions 2 and 3 and section 11(3) and (4) of the Act, the pre‑chargeable valuation of any land in relation to which a chargeable consent is given is to be worked out in accordance with the formulawhere —
C is the floor area of the last authorised development of the land for any purpose —
in respect of which development charges, land betterment charges and penalty taxes mentioned in section 11(3)(a) of the Act are earlier paid or are payable;
in connection with which there is —
an exemption or a remission from any liability to pay any development charges or land betterment charges mentioned in section 11(3)(c) of the Act; or
a concessionary relief under section 13 of the Act from any liability to pay any land betterment charges; or
in connection with which there is no liability to pay any development charges, land betterment charges and penalty taxes mentioned in section 11(3)(a) of the Act; and
D is the rate in the Second Schedule corresponding to both the appropriate geographical sector of the land and the Use Group within which that purpose in C falls.
Subregulation 2
However, where the pre‑chargeable valuation worked out according to the formula in paragraph (1) for the last authorised development of the land for any purpose in connection with which there is —
an exemption or a remission from any liability to pay any development charges or land betterment charges mentioned in section 11(3)(c) of the Act;
a concessionary relief under section 13 of the Act from any liability to pay any land betterment charges; or
no liability to pay any development charges, land betterment charges and penalty taxes mentioned in section 11(3)(a) of the Act,is lower than the pre-chargeable valuation worked out according to the same formula, in relation to an authorised development of the same land for any purpose immediately before that last authorised development of the land but authorised on or after 1 September 1989 and in respect of which development charges, land betterment charges and penalty taxes mentioned in section 11(3)(a) of the Act were paid (called the prior authorised development), then the pre‑chargeable valuation for the last authorised development of the land must be disregarded and the pre‑chargeable valuation of the prior authorised development is instead the pre‑chargeable valuation of the land.