Motor Dealers on the Temporary Transfer of Vehicle Scheme1) Motor trade users on the Temporary Transfer scheme are reminded that from 28 February 2006:
- They must use their Electronic Service Agent (ESA) account (i.e. login to LTALink with their Netrust Token) to temporarily transfer a vehicle to their name in order to enjoy the exemption from ATF. This requires a Transaction PIN from the vehicle owner;
- The transfer of a Temporary Transfer scheme vehicle out of their account does not require a Transaction PIN. They can merely login to LTALink with their Netrust Token and transfer the vehicle to the buyer. This also applies to rebates registered to their account;
- To de-register a Temporary Transfer scheme vehicle, they must login to LTALink with their Netrust Token and make an online application to de-register the vehicle. This does not require a Transaction PIN. The vehicle can then be :
i) Sent directly to a EPZ or Scrapyard for immediate de-registration without need for a Transaction PIN, and the vehicle will be accepted once the submitter's ID has been verified; or
ii) De-registered over the counter at LTA's office at Sin Ming Drive with the submission of the
De-registration Form and verification of the submitter's ID.
2) The online application to de-register is only valid for 5 days. If the vehicle is not de-registered within that time, a fresh application is required. Please note that without an online application to de-register, the ESA would have to produce De-registration Form D01 and relevant
identification documents for verification to de-register a vehicle on the Temporary Transfer scheme at our counters.
3) Applications to de-register vehicles at LTA's office would be reviewed after Phase 2 of e-Services@ONE.MOTORING.
Temporary Transfer of Vehicle Scheme
1) Under the Temporary Transfer of Vehicle Scheme, licensed motor trade dealers or hire purchase companies could, for a transfer fee of $10, assume temporary ownership of 3 months for vehicles that were bought for resale or were repossessed from hirers respectively. Such dealers or hire purchase companies have up to 3 months from the first temporary transfer date to effect a permanent transfer of vehicle to a buyer; otherwise an extension of another 3 months of temporary ownership will be granted at an extension fee of $30 (deducted from the dealer's nominated GIRO account). At the expiry of the 6-month temporary ownership period, a final 3-month extension in the temporary ownership period, i.e. up to a maximum of 9 months, will be granted with a payment of a fee of $60 (deducted from the dealer's nominated GIRO account). A summary of the temporary ownership period and fees payable is as follows:
| Length of Temporary Ownership Period |
Fee payable |
| 1st to 3rd month of temporary ownership |
$10 |
| 4th to 6th month of temporary ownership |
$30 |
| 7th to 9th month of temporary ownership |
$60 |
2) The maximum period of temporary transfer is 9 months. At the end of the 9-month period, the vehicle dealer/hire purchase company will be required to effect a permanent transfer of the vehicle to himself before the vehicle can be further transferred to another buyer, or de-registered. Full transfer fees consisting of the Transfer Fee and Additional Transfer Fee will be payable. The number of transfer count of the vehicle will also be increased by one accordingly.
3) If the vehicle dealer/hire purchase company de-registers the vehicle within the 9-month temporary ownership period, full transfer fees will not be charged. However, if they de-register the vehicle after the 9-month temporary ownership period, full transfer fees will be payable.
