Economic Expansion Incentives (Relief from Income Tax) Act 1967 · 2020 Revised Edition · Part 8 · Investment Allowances
49. No investment allowance for certain expenditure
Feedback & supportLast amended by an amending law of 2014. 2 amendments in all.
No investment allowance may be granted for any amount of fixed capital expenditure incurred on the acquisition of any know‑how, patent rights or productive equipment for which an allowance has been claimed under section 19A(2A), (2B) or (2BAA) or 19B(1A), (1B) or (1BAA) of the Income Tax Act 1947.[74A
fixed capital expenditure
“fixed capital expenditure” means capital expenditure to be incurred on an approved project by a company on the following items that are used for carrying out the project —(a)factory building (excluding land) in Singapore and, in relation to any project under section 43(1)(b), (c), (d), (f), (g) or (k), includes a building or structure specially designed for carrying out the project;(b)the acquisition of any know-how or patent rights; and(c)any new productive equipment (and, subject to the approval of the Minister, any secondhand productive equipment) to be used in Singapore and, in relation to any project under section 43(1)(h), (i) or (k), includes any productive equipment to be used outside Singapore as approved under section 43(3);