Capital Allowance Workshop 2018

Understanding the fundamentals of capital allowance claims on machinery or plant and the land intensification allowance

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Monday, 20 August 2018
1:30 p.m. to 5:00 p.m.
(Registration starts at 1:00 p.m.)

CPE hours: 3.0

Venue
InterContinental Singapore
Bras Basah rooms, Level 3
80 Middle Road
Singapore 188966


Registration is closed

Accounting depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. From a tax perspective, the cost of assets is capital in nature and is not deductible.

However, capital allowances are available on capital expenditure incurred on the provision of machinery or plant for the purposes of the company’s trade, profession or business. Land Intensification Allowance (LIA) can be claimed on qualifying capital expenditure incurred on the construction of a qualifying building or structure.

To maximise the available claims on capital expenditure incurred, it is critical to understand what qualifies for capital allowance and LIA, and the practical issues that arise.

Join us at this workshop where we will discuss the practical considerations related to capital allowance and LIA claims. We will also discuss some Singapore tax cases on capital allowance and highlight common mistakes in the computation of capital allowance.

Workshop highlights

  • Introduction to capital allowance and meaning of machinery and plant
  • Relevant Singapore tax cases
  • Computation of capital allowance and renovation and refurbishment deduction
  • Introduction to LIA and the qualifying conditions
  • Computation of LIA
  • Practical considerations and common mistakes
  • Case study
  • Q&A

Who should attend

Financial controllers, finance managers, accountants and accounting staff

Presenters

  • Teh Swee Thiam
    Partner, Tax Services
    Ernst & Young Solutions LLP
  • Sandee Saw
    Associate Director, Tax Services
    Ernst & Young Solutions LLP

Seminar fees

  • Clients, EY alumni and SIATP members: S$267.50 per person
  • Public: S$321 per person

Fees include GST, refreshments and workshop materials.

Group discount - A discount of 10% applies for organisations registering three or more participants in one registration.

Ernst & Young Solutions LLP reserves the right to cancel the seminar or amend the schedule, venue and speaker(s) due to circumstances beyond our control. Registration is on a first-come-first-served basis. We regret that only replacement is allowed upon confirmation of placement.