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 1st January 2009 used for housing the holder’s employees.

Para 2 (f) (iv)

The limit is pegged at US$10 000

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 October 2010 the Special Initial Allowance shall not be allowed in respect of half of the capital expenditure incurred in the of any fiscalised electronic register whose purchase qualifies for relief in terms of section 15(3)(k) of the VAT Act.

 
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