Singapore legislation
Regulation 5
of Property Tax (Exemption of Land under Development) (Off-Budget) Order
Regulation 5
Application for exemption where foundation works commenced on or before 12th October 2001
Subregulation 1
An owner of any vacant land which qualifies for exemption from tax under paragraph 3(a) shall comply with this paragraph.
Subregulation 2
The owner shall give written notice to the Comptroller of the date of commencement of the foundation works referred to in paragraph 3(a) not later than 12th April 2002.
Subregulation 3
Where the foundation works and the floor slab of the first storey or the lowest basement of the building were completed on or before 12th October 2001, an application for exemption shall be made to the Comptroller in writing at the same time the notice referred to in sub-paragraph (2) is given.
Subregulation 4
Where the foundation works for the building to be constructed on the land commenced before 12th October 2001 and the floor slab of the first storey or the lowest basement of the building were completed after 12th October 2001, an application for exemption shall be made to the Comptroller in writing within a period of 6 months beginning on the date of completion of the foundation works for the building and the floor slab of the first storey or the lowest basement of the building.