Regulation 1
Citation
This Order is the Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020.
/akn/sg/act/sub_leg/1947/ITA-S453-2020
Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S453-2020 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The specified income received by Parkway Life Japan4 Pte Ltd (a company incorporated in Singapore) on or after 24 April 2020 is exempt from tax.
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 24 April 2020 addressed to Parkway Trust Management Ltd.
Subregulation 3
In this paragraph —
Definition
“specified income” means the partnership profits distributed by the partnership between Parkway Life Japan4 Pte Ltd and Godo Kaisha Samurai 13 (an entity incorporated in Japan) that comprise either or both of the following:
(a)
rental income derived from the rental of all or any of the specified properties;
(b)
capital gains derived from the divestment of all or any of the specified properties;
Definition
“specified properties” means —
(a)
the property named “Haru no Sato” that is situated in Shunan City, Yamaguchi Prefecture, Japan;
(b)
the property named “Hodaka no Niwa” that is situated in Takayama City, Gifu Prefecture, Japan; and (c)the property named “Orange no Sato” that is situated in Arita‑gun, Wakayama Prefecture, Japan.
Common questions
- What is Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020?
- Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S453-2020 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 still in force?
- Yes — Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 is currently in force.
- When did Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 take effect?
- Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 was first recorded in 1947.
- How many regulations does Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 have?
- Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 contains 2 regulations.
- Where can I read the official version of Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020?
- The official text of Income Tax (Parkway Life Real Estate Investment Trust — Section 13(12) Exemption) Order 2020 is published at sso.agc.gov.sg.