Property Tax (Owner-Occupied HDB Flats) (Remission) Order 2004

No. S 301

Property Tax Act

(Chapter 254)

Property Tax (Owner-occupied HDB Flats) (Remission) Order 2004

In exercise of the powers conferred by section 6(5B) of the Property Tax Act, the Minister for Finance hereby makes the following Order:

Citation

1.  This Order may be cited as the Property Tax (Owner-Occupied HDB Flats) (Remission) Order 2004.

Definitions

2.  In this Order —

“base tax” means —

(a) the amount of annual property tax (after deduction of the rebate) payable at the concessionary rate by an owner-occupier of an HDB flat of the type specified in the first column of the Schedule immediately before the effective date set out in the second column thereof; or

(b) where an HDB flat has not been included in the Valuation List before the effective date, the amount of annual property tax (after deduction of the rebate) payable at the concessionary rate by an owner-occupier of the HDB flat based on the annual value that would have been ascribed to the HDB flat as at the date of sale, assignment or transfer of the HDB flat before the effective date;

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

“concessionary rate” means the owner-occupied tax rate as prescribed in paragraph 3(1) of the Property Tax (Rate for Owner-Occupied Residential Premises) Order (O 10);

“effective date” means the effective date of the revised annual value as set out in the second column of the Schedule in respect of an HDB flat of the type specified in the first column thereof;

“HDB flat” means any flat sold by the Board under Part IV of the Housing and Development Act and includes such other flat as the Minister may determine;

“owner-occupied”, in relation to an HDB flat, means a flat occupied for residential purposes by the person, not being a company or an association or a body of persons, whose name appears in the Valuation List as the owner of the HDB flat;

“rebate” means the amount of remission allowed under the Property Tax (Owner-Occupied Residential Premises) (Remission) Order (O 16).

Remission of property tax for owner-occupied HDB flats

3.—(1)  Where the base tax in respect of any owner-occupied HDB flat of the type set out in the first column of the Schedule is lower than the annual property tax (after deduction of the rebate) payable on or after the effective date, the increase in property tax over the base tax in respect of the HDB flat shall be remitted in accordance with sub-paragraph (2) for a period of 2 years commencing from the effective date.

(2)  Subject to sub-paragraph (3), the amount of property tax to be remitted in respect of an owner-occupied HDB flat shall be —

(a) two-thirds of the increase in property tax referred to in sub-paragraph (1) for a continuous period of the first 12 months commencing from the effective date; and

(b) one-third of the increase in property tax referred to in sub-paragraph (1) for the subsequent continuous period of 12 months commencing immediately after the expiration of the period of 12 months referred to in sub-paragraph (a).

(3)  Where an HDB flat is not owner-occupied for any period during any period of remission referred to in sub-paragraph (2), the owner of the HDB flat shall be allowed the remission for such period that the HDB flat is owner-occupied on a pro-rata basis.

THE SCHEDULE

Paragraphs 2 and 3(1)

First column		Second column
Type of flat		Effective date of revised annual value of flat
1. 5-room flat		1st August 2004
2. 4-room flat		1st October 2004
3. 3-room flat		1st December 2004
4. 1 or 2-room flat		1st December 2004.

Made this 25th day of May 2004.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R)R42.1.1 Vol. 10; AG/LEG/SL/254/2002/1 Vol. 1]