Singapore legislation
Regulation 7
of Property Tax (Valuation by Gross Receipts for Port Facilities) Order
Regulation 7
Non-application of assessment based on gross receipts in certain circumstances
Amended byS 877/2014 wef 01/01/2015
The Chief Assessor may, in his discretion, determine that this Order shall not apply to the assessment of the annual value of a port facility or any part thereof —
(a)
for the year following the year in which that port facility or any part thereof is demolished or ceases to be used as a port;
(b)
where the port facility or any part thereof is, or was in the calendar year immediately preceding the year of assessment, leased out by PSA Corporation Ltd; or
(c)
where the port facility or any part thereof has not been used by PSA Corporation Ltd as a port.