Qualifying activity
The developer must be a registered company or business carrying on housing development for sale. Alterations, repairs, additions and partial demolition with rebuilding are excluded from the stated construction definition. A renovation project should therefore not be described as qualifying development simply because it ends in a sale.
Records and stamping
Stamp through myTax Portal for the remission certificate and retain supporting records at least five years. Records include the ACRA activity profile, buyer’s option or agreement, URA Written Permission and architect’s declaration on vacant-land or building status, complete demolition timing, and any parts that cannot be demolished. IRAS may request these for verification.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official source ↗