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The Impact of Depreciation on Taxes - Section 19: Who Can Claim?

Capital allowances are deductions companies can claim for wear and tear of qualifying fixed assets (plant and machinery) bought and used in their trade or business. Therefore, they may claim capital allowances on expenditure incurred on the provision of "plant and machinery" for use in its trade or business. For this purpose, the session extensively discusses what a "plant" is concerning capital allowances.

An understanding of your tax depreciation will allow you to manage your tax risk confidently. 

Our Tax 101 series is aimed at tax and non-tax trained junior executives or anyone who has an interest in understanding the Singapore Tax system. This session is a mix of practical experience and academic knowledge.

Programme Outline

  • Singapore tax system
  • What is plant? Applying the “two-fold test”
  • Business use or functional test
  • Business premise or setting test
  • Exploratory case study - IH v Comptroller of Income Tax (2010)
  • Q&A

What you will learn

By the end of this session, attendees should obtain a systematic understanding of (to evaluate the effects thereon) the tax depreciation (capital allowances) in the wide interdisciplinary concept, on determining what a plant and its related tax concepts are.

Target Audience

An intermediate level program intended for tax accountants, business accountants, auditors.

Expert Speaker

Kevin Matthaios Lee

Kevin, a business finance professional, is also a Subject-Matter Expert (SME) in the tax practise of a mid-tier professional services firm, while simultaneously holding a position as a trainer/facilitator where he shares his insights on the global issue in FRS, political science and economics and international business law. He has been a speaker at various seminars, and network (exclusive) events, inter alia, Wolters Kluwer (CCH), ISCA, CIMA and ACCA.

Register for this session on its own or register as part of the 5 webinar bundle or 10 webinar bundle and save up to 58%

The webinar is on 5 May 2021.

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Our webinars operate on a 'one-connection-one-fee' basis, so you can have your whole team participate together in a boardroom setting for one cost effective price, using one registered log-in connection. The registered attendee will receive a CPD certificate.


Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! Recordings are provided for webinars with a duration of 3 hours and less.