Income Tax (Cromwell SG SPV 5 Pte Ltd — Section 13(12) Exemption) Order 2021

Source: Singapore Statutes Online | Archived by Legal Wires


No. S 625
Income Tax Act
(CHAPTER 134)
Income Tax
(Cromwell SG SPV 5 Pte Ltd —
Section 13(12) Exemption) Order 2021
In exercise of the powers conferred by section 13(12) of the Income Tax Act, the Minister for Finance makes the following Order:
Citation
1.  This Order is the Income Tax (Cromwell SG SPV 5 Pte. Ltd. — Section 13(12) Exemption) Order 2021.
Exemption
2.—(1)  Income comprising dividends and interest described in sub‑paragraph (2), that is received in Singapore by Cromwell SG SPV 5 Pte. Ltd. on or after 30 November 2017 from Cromwell EREIT Lux 5 S.a r.l. (a company incorporated in Luxembourg), is exempt from tax.
(2)  Sub-paragraph (1) applies to distribution income received by Cromwell EREIT Lux 5 S.a r.l. from Cromwell Europa 1 and Cromwell Europa 2 which are real estate investment funds constituted in Italy, out of the rental and property‑related income (including capital gains) of Cromwell Europa 1 and Cromwell Europa 2 from any of the properties specified in the Schedule.
(3)  The exemption under sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 8 May 2020 addressed to EY Corporate Advisors Pte. Ltd.
THE SCHEDULE
Paragraph 2(2)
Name of property
Address of property in Italy
1.Padova
Via Brigata Padova no. 19
2.Pescara
Via Salaria Vecchia no. 13, Pescara
3.Saronno
Via Varese no. 23, Saronno
4.Bari Europa
Viale Europa no. 95, Bari
5.Lissone
Via Madre Teresa di Calcutta no. 4, Lissone
6.Rutigliano
Strada Provinciale Adelfia, Rutigliano
7.Mestre
Rampa Cavalcavia no. 16/18 Mestre
8.Cuneo
Corso Annibale di Santa Rosa no. 15, Cuneo
9.Firenze
Via della Fortezza 8, Florence
10.Milano Nervesa
Via Nervesa no. 21, Milan
11.Assago
Via Milanofiori no. 1, F7‑F11, Assago
12.Roma Pianciani
Via Pianciani no. 26, Rome
13.Roma Amba Aradam
Via dell’Amba Aradam no. 5, Rome
14.Via Guglielmo Jervis 13
Via Guglielmo Jervis 13, Ivrea
15.Bari Trieste
Corso Lungomare Trieste 23, Bari
16.Genova
Via Camillo Finocchiaro Aprile 1, Genova
17.Agrate
Via Paracelso 22‑24‑26
18.Milano Piazza Affari
Piazza Affari 2, Milan
Made on 14 August 2021.
TAN CHING YEE
Permanent Secretary,
Ministry of Finance,
Singapore.
[R032.015.0022.V1; AG/LEGIS/SL/134/2020/23 Vol. 1]

Archived for legal research. Authoritative version at sso.agc.gov.sg.