Singapore legislation
Regulation 3
of Property Tax (Exemption of Land under Development) (Off-Budget) Order
Regulation 3
Exemption
Subject to this Order, any vacant land on which construction works of a permanent building are undertaken shall be exempt from tax during the following period:
where the foundation works for the building commenced on or before 12th October 2001, from 12th October 2001 until —
11th October 2003; or
the date of issue of the TOP or, where TOP is not issued, the date of issue of the CSC, for the building,whichever is the earlier; and
where the foundation works for the building commenced after 12th October 2001, from the date of commencement of the foundation works until —
11th October 2003; or
the date of issue of the TOP or, where TOP is not issued, the date of issue of the CSC, for the building,whichever is the earlier.