(i) the amount of that income that would have been distributed in accordance with the terms of the trust deed of the unit trust to the partnership, had the income been distributed to unit holders on the corresponding date; or (ii) if it is not possible to ascertain that amount the terms of the trust deed, such amount of the income as the total number of units held by the partnership bears to the total number of units of the trust as of the corresponding date.”; (f) by inserting, immediately after in subsection (23), “(20A),” (20D),”; “(20B), (g) by deleting the definition of CPF unit trust” in “approved subsection (23); (h) by deleting the definition of unit trust” in “designated subsection (23) and substituting the following definition: unit trust”, in relation to any year of “ “designated assessment, has the same meaning as in section 35(14);”; (i) by deleting paragraph (b) of the definition of “foreign investor” in subsection (23) and substituting the following paragraph: in relation to a company, means a company “(b) which is not resident in Singapore (other than one which is carrying on business through a permanent establishment in Singapore) and not less than 80% of the total number of the issued shares of which are beneficially owned, directly or indirectly, by persons who are not citizens of Singapore and not resident in Singapore;”; and (j) by deleting the words citizens of Singapore nor “neither resident in Singapore” in paragraph (c)(ii) of the definition of investor” in subsection (23) and substituting the “foreign
(i) the amount of that income that would have been distributed in accordance with the terms of the trust deed of the unit trust to the partnership, had the income been distributed to unit holders on the corresponding date; or (ii) if it is not possible to ascertain that amount the terms of the trust deed, such amount of the income as the total number of units held by the partnership bears to the total number of units of the trust as of the corresponding date.”; (f) by inserting, immediately after “(20A),” in subsection (23), “(20B), (20D),”; (g) by deleting the definition of “approved CPF unit trust” in subsection (23); (h) by deleting the definition of “designated unit trust” in subsection (23) and substituting the following definition: “ “designated unit trust”, in relation to any year of assessment, has the same meaning as in section 35(14);”; (i) by deleting paragraph (b) of the definition of “foreign investor” in subsection (23) and substituting the following paragraph: “(b) in relation to a company, means a company which is not resident in Singapore (other than one which is carrying on business through a permanent establishment in Singapore) and not less than 80% of the total number of the issued shares of which are beneficially owned, directly or indirectly, by persons who are not citizens of Singapore and not resident in Singapore;”; and (j) by deleting the words “neither citizens of Singapore nor resident in Singapore” in paragraph (c)(ii) of the definition of “foreign investor” in subsection (23) and substituting the