Property Tax (Valuation of Properties of the Housing and Development Board) Order

Property Tax Act

(Chapter 254, Section 6(7))

Property Tax (Valuation of Properties of the Housing and Development Board) Order

O 13

G.N. No. S 670/2001

REVISED EDITION 2003

(31st January 2003)

[1st July 2001]

Citation

1.  This Order may be cited as the Property Tax (Valuation of Properties of the Housing and Development Board) Order.

Definitions

2.  In this Order —

“Board” means the Housing and Development Board established under section 3 of the Housing and Development Act (Cap. 129);

“land premium” means the amount paid by the Board to the Government in respect of any land allocated to the Board by the Government.

Contribution in lieu of tax payable by Board

3.—(1)  The Board shall, in respect of the properties specified in the first column of the Schedule, pay to the Government by way of contribution a sum in lieu of the property tax payable under the Act ascertained in accordance with sub-paragraph (2).

(2)  The sum of contribution payable shall be at the prevailing tax rate upon the Annual Value of the property specified in the second column of the Schedule.

(3)  The sum of contribution shall be payable for the period specified in the third column of the Schedule and shall be paid yearly in advance, without demand, in the month of January.

Power to treat contribution payable under revoked Order as being payable under this Order

4.  Where, any contribution which arose between 1st January 1994 and 30th June 2001 (both dates inclusive) in respect of land allocated to the Board designated for public housing is outstanding on 30th June 2001, the Comptroller may, if he thinks fit, treat the outstanding contribution as if it were a contribution payable under paragraph 3 instead of under the revoked Order.

THE SCHEDULE

Paragraph 3

	First column		Second column		Third column
	Type of property		Basis of ascertaining Annual Value		Period for which contribution is payable
(1)	Flats, bungalows, shops, advertisement hoardings, market stalls, hawker centres and pitches, car parks, community halls, civil defence shelters, bus terminals, bus interchanges including other properties let-out or for letting and properties let at nominal rents to non-profit organisations		Actual gross amount of rent received by the Board		For so long as the Board is an owner of the property
(2)	Offices for the use of the Board		Rent of similar properties		For so long as the Board remains an owner of the property
(3)	Land (with or without squatters) excluding land designated for public housing		5% of the value		For so long as the Board remains an owner of the property
(4)	Land designated for public housing		5% of the land premium		For 2 years from the date on which the Board first becomes an owner of the property
(5)	Any other property		To be assessed in accordance with the Act		For so long as the Board remains an owner of the property.

[G.N.Nos. S 670/2001; S 210/2003]

LEGISLATIVE HISTORY

Property Tax (Valuation of Properties of the Housing and Development Board) Order

 

This Legislative History is provided for the convenience of users of the Property Tax (Valuation of Properties of the Housing and Development Board) Order. It is not part of this Order.
1.	G. N. No. S 143/1992—Property Tax (Valuation of Properties of the Housing and Development Board) Order 1992
	Date of commencement	:	1 April 1992
2.	1992 Revised Edition—Property Tax (Valuation of Properties of the Housing and Development Board) Order
	Date of operation	:	1 April 1992
3.	G. N. No. S 670/2001—Property Tax (Valuation of Properties of the Housing and Development Board) Order 2001
	Date of commencement	:	1 July 2001
4.	G. N. No. S 210/2003—Property Tax (Valuation of Properties of the Housing and Development Board) (Amendment) Order 2003
	Date of commencement	:	1 January 2003
5.	2003 Revised Edition—Property Tax (Valuation of Properties of the Housing and Development Board) Order
	Date of operation	:	31 January 2003