Regulation 1
Citation
This Order is the Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021.
/akn/sg/act/sub_leg/1947/ITA-S535-2021
Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S535-2021 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
Trust distribution income described in sub‑paragraph (2), that is received in Singapore on or after 18 June 2021 by the trustee of Suntec Real Estate Investment Trust or Suntec REIT UK 1 Pte. Ltd. (a Singapore‑incorporated company), from Victoria Circle Unit Trust 1 (a Jersey property unit trust) or Victoria Circle Unit Trust 2 (a Jersey property unit trust), is exempt from tax.
Subregulation 2
Sub‑paragraph (1) applies to the following income:
(a)
any rental or other property‑related income derived from a specified property;
(b)
any gain from the disposal of a specified property;
(c)
any gain from the disposal of any partnership interest in any of the following partnerships registered or formed in the United Kingdom:
(i)
Nova Limited Partnership;
(ii)
Nova Residential Limited Partnership.
Subregulation 3
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 18 June 2021 addressed to Ernst & Young Solutions LLP.
Subregulation 4
In this paragraph, “specified property” means any of the following properties situated in the United Kingdom:
(a)
Nova North;
(b)
Nova South;
(c)
The Nova Building.
Common questions
- What is Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021?
- Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S535-2021 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 still in force?
- Yes — Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 is currently in force.
- When did Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 take effect?
- Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 was first recorded in 1947.
- How many regulations does Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 have?
- Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 contains 2 regulations.
- Where can I read the official version of Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021?
- The official text of Income Tax (Suntec Real Estate Investment Trust — Section 13(12) Exemption) Order 2021 is published at sso.agc.gov.sg.