Singapore legislation
Regulation 7
of Property Tax (Tax Deferral for Land Approved for Development) Regulations 2009
Regulation 7
Notification of certain circumstances
Where an applicant has been granted a tax deferral under regulation 5 in respect of any qualifying land and his period of deferral expires because of —
(a)
the issue of the first TOP or first CSC in respect of any building constructed on the qualifying land; (b)the applicant going into liquidation, insolvency or bankruptcy, as the case may be; or
(c)
the applicant selling or transferring the qualifying land,the applicant shall notify the Comptroller in writing of the expiry of the period of deferral within 30 days after such expiry.