Singapore legislation

Clause 22

of Income Tax (Amendment) Bill

Clause 22

Amendment of section 24

Subsection (2) of section 24 of the Ordinance is hereby amended by inserting immediately after paragraph (b) thereof the following new paragraph: —“(ba)notwithstanding anything contained in section 19A of this Ordinance, where the sale is a sale of machinery or plant, the special allowances provided under that section shall continue to be available as if no sale had taken place;”.