Singapore legislation
Regulation 11
of Property Tax (Exemption of Land under Development) (Off-Budget) Order
Regulation 11
Exemption for land developed in phases
Subregulation 1
Where any vacant land is developed in phases, the exemption from tax in respect of the land shall be given phase by phase so that only such part of the land that is being developed in a phase shall be exempted from tax and the Comptroller may apportion the annual value of the land for the purpose of the exemption.
Subregulation 2
No exemption from tax shall be granted under this paragraph by reason only of the fact that a building on the land is being constructed in stages or phases.