Singapore legislation
Regulation 2
of Stamp Duties (Remnant Land) (Remission of ABSD) Rules 2016
Regulation 2
Definitions
Subregulation 1
In these Rules —
Definition
“additional buyer’s stamp duty” or “ABSD” means the duty referred to in paragraph (bf), (bh) or (bi) of Article 3 of the First Schedule to the Act;
Definition
“Authority” means the Singapore Land Authority established under section 3 of the Singapore Land Authority Act (Cap. 301);
Definition
“remnant land” means any plot of State land that is approved by the Authority as being incapable of independent development due to the size or shape of the plot;
Definition
“residential property” means any immovable property that is zoned, or situated on land that is zoned, in any of the following manners under the Master Plan:
“Residential”;
“Commercial and Residential”;
“Residential/Institution”;
“Residential with Commercial at 1st Storey”;
“White”.
Subregulation 2
In these Rules, a reference to a purchaser, grantee, transferee or assignee —
includes a reference to joint purchasers, grantees, transferees or assignees to whom the remnant land in question is sold, conveyed, transferred or assigned as joint tenants or as tenants in common; and
in a case where the instrument is executed before 9 May 2022, and he or she is to hold the remnant land on trust, is a reference to the beneficial owner; and where there is more than one beneficial owner (whether or not including the purchaser, grantee, transferee or assignee himself or herself), is a reference to all the beneficial owners.