Singapore legislation
Regulation 9
Regulation 9
Exemption for vacant land developed in phases
Subregulation 1
Where vacant land is developed in phases, the exemption from tax under this Order may, at the discretion of the Comptroller, be granted phase by phase so that only such part of the land that is being developed in a phase shall be exempt from tax and the Comptroller may apportion the annual value of the land for the purpose of the exemption.
Subregulation 2
Sub-paragraph (1) shall not apply to a building that is being constructed in stages or phases.