mr funny
22-01-09, 22:37
http://www.businesstimes.com.sg/sub/latest/story/0,4574,315602,00.html?
January 22, 2009, 4.24 pm (Singapore time)
Property tax on land under development deferred: Tharman
By UMA SHANKARI
The government will defer property tax on land approved for development for up to two years until Jan 21, 2011 or the date the date the project receives its temporary occupation permit (TOP), whichever is earlier.
This will cost the government $290 million a year in 1009 and 2010, said Finance Minister Tharman Shanmugaratnam on Thursday when he delivered the 2009 Budget statement in Parliament. The deferment will come on top of a 40 per cent property tax rebate he announced today.
He also said the government will provide a one year extension of project completion period for private residential projects.
Click here for Mr Tharman's budget speech (http://www.singaporebudget.gov.sg/speech_toc/index.html)
January 22, 2009, 4.24 pm (Singapore time)
Property tax on land under development deferred: Tharman
By UMA SHANKARI
The government will defer property tax on land approved for development for up to two years until Jan 21, 2011 or the date the date the project receives its temporary occupation permit (TOP), whichever is earlier.
This will cost the government $290 million a year in 1009 and 2010, said Finance Minister Tharman Shanmugaratnam on Thursday when he delivered the 2009 Budget statement in Parliament. The deferment will come on top of a 40 per cent property tax rebate he announced today.
He also said the government will provide a one year extension of project completion period for private residential projects.
Click here for Mr Tharman's budget speech (http://www.singaporebudget.gov.sg/speech_toc/index.html)