Capital allowances on industrial buildings and plant & machinery
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Capital allowances on industrial buildings and plant & machinery by Lee, Fook Hong.

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Published by Industrial & Commercial Training & Consultancy Organisation in Singapore .
Written in English

Subjects:

Places:

  • Singapore.

Subjects:

  • Depreciation allowances -- Singapore.,
  • Income tax -- Singapore.

Book details:

Edition Notes

Cover title: Singapore taxation guide: capital allowances on industrial buildings and plant & machinery.

Other titlesSingapore taxation guide.
Statementby Lee Fook Hong.
Classifications
LC ClassificationsHJ4779.S5 L43
The Physical Object
Pagination86 p. ;
Number of Pages86
ID Numbers
Open LibraryOL4087512M
LC Control Number79940652

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of items of plant and machinery (P&M) that are in use wholly and exclusively for the purposes of a trade. They are claimed on the cost of providing the P&M on a straight-line basis over a period of eight years, at a rate of % per annum. Ken Hardy Partner, KPMG Capital Allowances: Back to Basics File Size: KB.   Capital Allowance: A capital allowance is the amount of expenditure that a UK business may claim against its taxable profit under the Capital Allowances Act, and is Author: Julia Kagan. Capital allowances on implements, plant and machinery, industrial buildings and commercial buildings. (M) Describe the various assets and expenditure on which capital allowances are available; Describe the types of capital allowances available on implements, plant and machinery, industrial buildings and commercial buildingsAuthor: Harsha Yejju. Capital Allowances are granted for tax purposes in lieu of depreciation. An annual allowance known as “Wear & Tear” allowance is granted for plant and machinery used in the trade in an accounting period. The write off period for annual wear and tear allowances is eight years for expenditure incurred after 4 December , i.e. 12½ % per.

Industrial buildings may qualify for capital allowances in their own right or as part of an area-based incentive scheme, such as the Urban Renewal Scheme. In the latter case, Tax and Duty Manual Part outlines the relief that applied to such schemes. The table in section 2 outlines the annual rates of write-off and the tax life/holdingFile Size: KB. Having a clear understanding of the capital allowances applicable to different property types, transactions and projects is key to optimising tax relief on capital expenditure. Written from the perspective of the property professional, this book provides a practical insight into the many capital allowances issues encountered on transactions and Format: Paperback.