Singapore legislation
Regulation 5
of Income Tax (Deduction for Acquisition of Shares of Companies) Regulations 2012
Regulation 5
Application of conditions for deductions
Amended byS 314/2021 wef 01/04/2015S 314/2021 wef 01/04/2015
Section 37L(16A)(c) of the Act does not apply in respect of any qualifying acquisition or elected qualifying acquisition, as the case may be, where the date of the acquisition —
(a)
is after the date of the acquisition mentioned in section 37L(4)(a) or (c), or (4A)(c) or (e), of the Act, as the case may be; but(b)on or before the end of —
(i)
the basis period in which the date mentioned in paragraph (a) falls; or
(ii)
the period mentioned in regulation 3(a)(ii) or (b)(ii), or regulation 3A(2)(a)(ii) or (b)(ii),as the case may be.