Singapore legislation

Regulation 4

of Goods and Services Tax (Excluded Transactions) Order

Regulation 4

Transfer or assignment of title to goods

Subregulation 1

Where a provider of hire-purchase finance transfers or assigns his title to goods comprised in a hire-purchase agreement together with the hire-purchase finance relating to such goods, the transfer or assignment of title shall be treated as neither a supply of goods nor a supply of services.

Subregulation 2

For the purpose of sub-paragraph (1), “hire-purchase finance” means the instalment credit finance in a hire-purchase agreement.

Read in full context — Goods and Services Tax (Excluded Transactions) Order →