Amy Khor on waivers for additional levy of vehicles

Cars registered under Categories A and B of the Certificate of Entitlement (COE) system are only allowed to apply for a transfer of vehicle ownership three months after the date of registration. If they are transferred between four and six months from the date of registration, an Additional Levy (AL) would be payable if the Quota Premium of the corresponding COE category at the point of transfer is higher than the original one paid upon successful bidding for the COE. The AL is part of a suite of measures to discourage COE speculation. Over the last five years, the Land Transport Authority received on average three requests annually to waive the AL payable by vehicle owners. Over the same period, only one request to transfer car ownership from a deceased person to the executor of the deceased’s estate was acceded to. Senior Minister of State for Transport Amy Khor gave this update in reply to MPs’ questions in Parliament on Tuesday (Oct 3).