Singapore legislation
Regulation 3
of Property Tax (Rate for Owner-Occupied Residential Premises) (Remission) Order
Regulation 3
Remission of property tax
Subregulation 1
Notwithstanding the Property Tax (Rate for Owner-Occupied Residential Premises) Order, where the base tax payable in respect of an owner-occupied dwelling-house is lower than the tax payable on 1st July 1990 at the owner-occupier’s rate, the increase in property tax over the base tax on that dwelling-house which is due directly to the commencement of that Order shall be remitted in accordance with sub-paragraph (2) for a period of two years commencing from 1st July 1990.
Subregulation 2
The remission in property tax shall be —
67% of the increase in property tax referred to in sub-paragraph (1) for the period from 1st July 1990 to 30th June 1991; and
33% of the increase in property tax referred to in subparagraph (1) for the period from 1st July 1991 to 30th June 1992.
Subregulation 3
The remission under this Order shall cease forthwith upon the occurrence of any of the following:
the owner ceases to occupy the dwelling-house or transfers the entire interest in the dwelling-house;
the owner leases or subleases the whole or part of his interest in the dwelling-house;
there is any increase in property tax payable in respect of any part of the period of two years referred to in sub-paragraph (1) which is due wholly or partly to any alteration, addition or improvement to the dwelling-house which is completed during that period.