Singapore legislation

Regulation 6

of Income Tax (Deduction for Acquisition of Shares of Companies) Regulations 2012

Regulation 6

Definitions of this Part

Amended byS 314/2021 wef 01/04/2015S 314/2021 wef 01/04/2015S 314/2021 wef 01/04/2015

In this Part —“relevant acquisition period” means —

(a)

in relation to qualifying acquisitions, the basis period of the acquiring company mentioned in —

(i)

section 37L(4)(b) of the Act if the acquisitions are those mentioned in section 37L(4)(a) and (b) of the Act;

(ii)

section 37L(4)(d) of the Act if the acquisitions are those mentioned in section 37L(4)(c) and (d) of the Act;

(iii)

section 37L(4A)(b) of the Act if the acquisitions are those mentioned in section 37L(4A)(a) and (b) of the Act;

(iv)

section 37L(4A)(d) of the Act if the acquisitions are those mentioned in section 37L(4A)(c) and (d) of the Act; or

(v)

section 37L(4A)(f) of the Act if the acquisitions are those mentioned in section 37L(4A)(e) and (f) of the Act; and

(b)

in relation to elected qualifying acquisitions, the period mentioned in —

(i)

regulation 3(a)(ii) if the acquisitions are those mentioned in regulation 3(a);

(ii)

regulation 3(b)(ii) if the acquisitions are those mentioned in regulation 3(b);

(iii)

regulation 3A(2)(a)(ii) if the acquisitions are those mentioned in regulation 3A(2)(a); or

(iv)

regulation 3A(2)(b)(ii) if the acquisitions are those mentioned in regulation 3A(2)(b);“relevant divestment period” —

(a)

in relation to qualifying acquisitions mentioned in section 37L(4)(a) and (b), section 37L(4)(c) and (d), section 37L(4A)(a) and (b), section 37L(4A)(c) and (d) or section 37L(4A)(e) and (f) of the Act, as the case may be, means the same period as the relevant acquisition period relating to those acquisitions; and

(b)

in relation to elected qualifying acquisitions, means the period beginning on the first day of the relevant acquisition period relating to those acquisitions and ending on the last day of the basis period of the acquiring company in which the relevant acquisition period ends;“relevant specified period”, in relation to elected qualifying acquisitions, means the period —

(a)

beginning on the day immediately following the end of the relevant acquisition period relating to those elected qualifying acquisitions; and

(b)

ending on the last day of the relevant divestment period relating to those elected qualifying acquisitions.

Definition

“relevant acquisition period” means —

(a)

in relation to qualifying acquisitions, the basis period of the acquiring company mentioned in —

(i)

section 37L(4)(b) of the Act if the acquisitions are those mentioned in section 37L(4)(a) and (b) of the Act;

(ii)

section 37L(4)(d) of the Act if the acquisitions are those mentioned in section 37L(4)(c) and (d) of the Act;

(iii)

section 37L(4A)(b) of the Act if the acquisitions are those mentioned in section 37L(4A)(a) and (b) of the Act;

(iv)

section 37L(4A)(d) of the Act if the acquisitions are those mentioned in section 37L(4A)(c) and (d) of the Act; or

(v)

section 37L(4A)(f) of the Act if the acquisitions are those mentioned in section 37L(4A)(e) and (f) of the Act; and

(b)

in relation to elected qualifying acquisitions, the period mentioned in —

(i)

regulation 3(a)(ii) if the acquisitions are those mentioned in regulation 3(a);

(ii)

regulation 3(b)(ii) if the acquisitions are those mentioned in regulation 3(b);

(iii)

regulation 3A(2)(a)(ii) if the acquisitions are those mentioned in regulation 3A(2)(a); or

(iv)

regulation 3A(2)(b)(ii) if the acquisitions are those mentioned in regulation 3A(2)(b);

Amended byS 314/2021 wef 01/04/2015

Definition

“relevant divestment period” —

(a)

(b)

Amended byS 314/2021 wef 01/04/2015S 314/2021 wef 01/04/2015

Definition

“relevant specified period”, in relation to elected qualifying acquisitions, means the period —

(a)

beginning on the day immediately following the end of the relevant acquisition period relating to those elected qualifying acquisitions; and

(b)

ending on the last day of the relevant divestment period relating to those elected qualifying acquisitions.

Read in full context — Income Tax (Deduction for Acquisition of Shares of Companies) Regulations 2012 →