3.—(1) There shall be remitted all duty chargeable under the Act on any contract, agreement or instrument executed during the period from 18th February 2010 to 11th January 2013 (both dates inclusive) relating to any of the following:| (a) | the conveyance, assignment or transfer on sale of any immovable property or any interest thereof from any person to a real estate investment trust that —| (i) | is listed on the Singapore Exchange; or | | (ii) | is to be listed on the Singapore Exchange —| (A) | within 6 months after the execution of such conveyance, assignment or transfer; or | | (B) | within such longer period, and on such terms and conditions, as the Minister or such other person as he may appoint may specify in any particular case; |
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| | (b) | the conveyance, assignment or transfer on sale to a real estate investment trust that —| (i) | is listed on the Singapore Exchange; or | | (ii) | is to be listed on the Singapore Exchange —| (A) | within 6 months after the execution of such conveyance, assignment or transfer; or | | (B) | within such longer period, and on such terms and conditions, as the Minister or such other person as he may appoint may specify in any particular case, |
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| of 100% of the issued share capital or of the interest therein of any company incorporated in Singapore — |
| (AA) | that holds, directly or indirectly, immovable property situated outside Singapore; and | | (BB) | that was set up for the sole purpose of holding, directly or indirectly, such property. [S 13/2013 wef 12/01/2013] |
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| (2) There shall be remitted all duty chargeable under the Act, except for section 22A of the Act, on any contract, agreement or instrument executed during the period from 12th January 2013 to 31st March 2015 (both dates inclusive) relating to any conveyance, assignment or transfer on sale referred to in paragraph (1). [S 13/2013 wef 12/01/2013] [S 25/2013 wef 12/01/2013] |
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