Capital allowances

Capital allowance

4th schedule paragraph

Limit

Passenger Motor Vehicle

14(1)(m)

The limit was pegged at  S$10 000

Any Staff  Housing

1(p)

The limit was pegged at US$25 000

School, hospital, nursing home or clinic

15(2)

The limit is pegged at US$10 000

Staff housing for employees at a school, hospital, nursing home or clinic which qualifies as farm improvements and alteration and additions thereto.

15(3)

The limit is pegged at US$10 000

SIA for Small to Medium Enterprises

Para 9(g)

50% allowed in first year of use and claim and balance over two years @ 25% as accelerated wear and tear. w.e.f 1/01/2011

Buildings, Improvements, Machinery and Equipment used for Commercial, Industrial and farming

Para9(h)

25%  SIA from 1/1/2010  or any subsequent year of assessment

Special Mining Operations

22ndSchedule

Residential Unit erected on or after 1stJanuary 2018 used for housing the holder’s employees.

Para 2 (f) (iv)

The limit is pegged at US$25 000

Passenger motor vehicle purchased on or after 1stJanuary 2009

Para 2 (g) (iv)

The limit is pegged at US$10 000

Residential unit used by employees at the school, hospital, nursing home or clinic

Para 2 (h) (ii) (IV)

The limit is pegged at US$10 000

Note that with effect from 1 January 2018 the Special Initial Allowance on residential unit used for housing the special mining lease holder’s employees is now pegged at US$25 000.

 
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