Introduction
1. On 7 April 2020, Parliament passed the wide-ranging COVID-19 (Temporary Measures) Act 2020 (the “Act”) to provide temporary, targeted relief to alleviate the immense pressures caused to individuals, firms and businesses as a result of the COVID-19 pandemic.
2. We have reviewed the Act in our article, particularly in relation to how the Act affects commercial landlords
3. The article is attached to this e-briefing, and deals with the following:
- Pre-requisites to Temporary Reliefs
- Types of Temporary Reliefs Available
- Temporary Relief Period
- Consequences of Contravention
- Determination by Assessors
- Passing on Property Tax Remissions
4. Please note that you can click on each section in the enclosed article to be taken directly to that section.
5. A copy of the article can also be found here.
For further information, contact:
Justin Chia
Head of Practice Group,
Asset Recovery, Restructuring & Insolvency
Partner, Eversheds Harry Elias
JustinChia@eversheds-harryelias.com
+65 6361 9814
Kok Yee Keong
Senior Associate, Eversheds Harry Elias
YeeKeongKok@eversheds-harryelias.com
+65 6361 9813
Flora Koh
Associate, Eversheds Harry Elias
FloraKoh@eversheds-harryelias.com
+65 6361 9316