Capital Allowances
Capital allowances are deductions claimable for the wear and tear of qualifying fixed assets.
Claiming Allowances
Writing-Down Allowances for Intellectual Property Rights (IPRs)
Writing-down allowances are granted on capital expenditure incurred in acquiring IPRs under Section 19B of the Income Tax Act.
Mergers & Acquisitions (M&A) Allowance
A Singapore company that makes a qualifying acquisition of the ordinary shares of another company may enjoy an M&A allowance on the purchase consideration.
Land Intensification Allowance (LIA)
Companies that qualify for LIA can claim qualifying capital expenditure incurred on the construction of a qualifying building or structure.
Industrial Building Allowance (IBA)
The IBA has been phased out. Companies are not allowed to claim IBA on the capital expenditure incurred from 23 Feb 2010 on the construction or purchase of industrial buildings or structures, except in specified scenarios provided for under the transitional rules.