Singapore legislation

Section 22

of Income Tax Act 1947

Section 22

Expenditure on machinery or plant

Amended by39/201739/2017

(1)

Expenditure on the provision of machinery or plant includes capital expenditure on alterations to an existing building incidental to the installation of that machinery or plant for the purposes of the trade, profession or business.

Amended by39/2017

(2)

Expenditure on the provision of machinery or plant excludes any option premium paid under an option agreement entered into for the purpose of hedging against the cost of the acquisition of such machinery or plant.

Amended by39/2017
Section 22 — Income Tax Act 1947 | laws.sg