Singapore legislation
Regulation 2
of Stamp Duties (Housing Developers) (Remission of ABSD) Rules 2013
Regulation 2
Definitions
In these Rules —“additional buyer’s stamp duty” or “ABSD” means the duty referred to in paragraph (bc), (bf), (bh) or (bi) of Article 3 of the First Schedule to the Act;“conveyance direction” means a direction referred to in section 22(4) of the Act;“develop”, “housing accommodation”, “licence” and “licensed housing developer” have the meanings given to those expressions in the Housing Developers (Control and Licensing) Act 1965;“housing development” means the development of more than 4 units of housing accommodation;“qualifying developer” means a company —
which is a licensed housing developer; or (b)which is an applicant for a licence and whose application is not refused, or which intends to apply for a licence;“trustee for a qualifying developer” —
in relation to an instrument executed before 27 April 2023 — means a trustee who holds the residential property on trust for a qualifying developer whether or not for any other person, when acting in that capacity; and
in relation to an instrument executed on or after 27 April 2023 — means a trustee who holds the residential property on trust solely for a qualifying developer for the purpose of housing development by the qualifying developer.
Definition
“additional buyer’s stamp duty” or “ABSD” means the duty referred to in paragraph (bc), (bf), (bh) or (bi) of Article 3 of the First Schedule to the Act;
Definition
“conveyance direction” means a direction referred to in section 22(4) of the Act;
Definition
“develop”, “housing accommodation”, “licence” and “licensed housing developer” have the meanings given to those expressions in the Housing Developers (Control and Licensing) Act 1965;
Definition
“housing development” means the development of more than 4 units of housing accommodation;
Definition
“qualifying developer” means a company —
which is a licensed housing developer; or (b)which is an applicant for a licence and whose application is not refused, or which intends to apply for a licence;
Definition
“trustee for a qualifying developer” —
in relation to an instrument executed before 27 April 2023 — means a trustee who holds the residential property on trust for a qualifying developer whether or not for any other person, when acting in that capacity; and
in relation to an instrument executed on or after 27 April 2023 — means a trustee who holds the residential property on trust solely for a qualifying developer for the purpose of housing development by the qualifying developer.