300: Vacant land: Property that is not in use, is in temporary use, or lacks permanent improvement. C1 – Hotels and Hostels Class C1 is use as a hotel, boarding or guest house or as a hostel where, in each case, no significant element of care is provided. 400: Commercial Vacant land is idle land, not actively used for agricultural or any other purpose; unused acreage; and is land in an approved subdivision actively on the market for sale or being held for sale. All residential properties in Singapore (e.g. C2 – Residential Institutions Class C2 is use as provision of residential accommodation and care to people in need of care (other than a use within class C3 - dwelling houses). Where premises are “residential premises” to be used predominantly for residential accommodation, the supply of those premises will be input taxed (and therefore not subject to GST). of the accommodation owner) and receives rental charges or room rates on behalf of the owner may register the accommodation on behalf of the owner. Whether or not a property is residential can make a huge difference in the amount of SDLT a buyer has to pay. Commercial property is used for non-residential activities such as hotels, office space, retail shops, industrial buildings, public facilities, etc. A dwelling for the above purposes includes buildings that at any time, when it is used or suitable for use as a dwelling or it is in the process of being constructed or adapted for such use. Under the law, they are not allowed to be used for short-term accommodation – defined as stays of less than three consecutive months. The exception to this is where the building is used as: Residential accommodation for school pupils It is at the heart of any decision as to mixed use, or the availability of multiple dwellings relief (MDR). In law, a dwelling (also residence, abode) is a self-contained unit of accommodation used by one or more households as a home - such as a house, apartment, mobile home, houseboat, vehicle, or other "substantial" structure. 200: Residential: Property used for human habitation. Accommodation Times News Services – By Tarun Ghia, Chartered Accountant 1. This disposal is not subject to residential capital gains tax, because at the time of the transaction, the property is being used as a nursing home, which is not treated as a residential dwelling - even though plans are in place. Section 18:12-2.2 - Property classifications with definitions (a) Class 1: "Vacant Land" means land itself above and under water in its original, indestructible, immobile state. Living accommodations such as hotels, motels, and apartments are in the Commercial category - 400. condominiums, walk up apartments, flats, bungalows, semi-detached and terrace houses) are intended for long-term residence. A. Property used for the production of crops or livestock. Land follows in a similar manner to dwelling. The tax treatment is based solely on the building’s use at the time of the transaction, rather than future intentions. Sales and Use Tax on Commercial Real Property Rentals Section 195-1 of the GST Act clarifies what is meant by “residential premises”. Property Clinic: Your questions answered. 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