Singapore legislation
Regulation 3
of Property Tax (Owner-Occupied Residential Premises) (Remission) Order 2009
Regulation 3
Remission of property tax for vacant land with residential premises under construction
Subregulation 1
There shall be allowed a remission of tax in accordance with this paragraph in respect of every vacant land to which the Property Tax (Residential Premises under Construction) (Remission) Order (O 17) applies.
Subregulation 2
The remission shall be 40% of the tax payable for the part of the period from 1st January 2009 to 31st December 2009 (both dates inclusive) during which the vacant land is eligible for remission of tax under the Property Tax (Residential Premises under Construction) (Remission) Order.
Subregulation 3
The tax payable referred to in sub-paragraph (2) is the tax payable for the period from 1st January 2009 to 31st December 2009 (both dates inclusive) after deducting any remission for that same period granted under either or both of the following Orders:
the Property Tax (Residential Premises under Construction) (Remission) Order;
the Property Tax (Residential Properties) (Remission) Order 2007.