Property Tax (Owner‑Occupied Residential Premises) (Remission) Order 2022

No. S 1001

Property Tax Act 1960

Property Tax
(Owner‑Occupied Residential Premises)
(Remission) Order 2022

In exercise of the powers conferred by section 6(9) of the Property Tax Act 1960, the Minister for Finance makes the following Order:

Citation and commencement

1.  This Order is the Property Tax (Owner‑Occupied Residential Premises) (Remission) Order 2022 and comes into operation on 1 January 2023.

Definitions

2.  In this Order —

“owner‑occupied” has the meaning given by paragraph 4(1) to (8) of the Residential Premises Order;

“residential premises” has the meaning given by paragraph 2(1) and (2) of the Residential Premises Order;

“Residential Premises Order” means the Property Tax (Rates for Residential Premises) Order 2013 (G.N. No. S 691/2013).

Remission of property tax for owner‑occupied residential premises

3.—(1)  There is remitted in accordance with this paragraph an amount of tax payable in accordance with paragraph 6 of the Residential Premises Order for the year 2023 in respect of every residential premises that are owner‑occupied.

(2)  The amount of tax remitted under sub‑paragraph (1) is the lower of the following:

(a) 60% of the tax payable in accordance with paragraph 6 of the Residential Premises Order for the year 2023 in respect of those residential premises;

(b) $60, pro‑rated according to the period in the year 2023 that those residential premises are owner‑occupied.

Refund of tax paid

4.  Where tax is refunded because of the remission under paragraph 3, the refund is to be made to a person who is the owner of the premises to which the remission relates at the time of the refund.

Made on 20 December 2022.

LAI WEI LIN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[R042.002.0002.V40; AG/LEGIS/SL/254/2020/8 Vol. 1]