22 March 2012
The Property Tax (Owner-Occupied HDB Flats) (Remission) Order 2012, published on 21 March shall be deemed to have come into operation on 1 January 2012.
The Order covers the following:
- Remission of property tax for owner-occupied HDB flats for the year 2012, where the amount of remission is $55 or the amount of tax payable at the applicable owner-occupied progressive tax rates for the year 2012, whichever is lower. Where an HDB flat is owner-occupied only during part of the year 2012, the owner of the HDB flat is allowed the remission for such period that the HDB flat is owner-occupied on a pro-rata basis.
- Refund of tax paid will be to the owner of the HDB flat to which the remission relates at the time of the refund.