TaxSavvySG

Capital allowances

Can we write off computers?

The situation

Capital allowances apply on plant and machinery; low-value assets may be written off quickly within caps.

The law

  • Sec 62, Income Tax Act 1947: Every company and individual files an income tax return when required by IRAS

What it means for you

Keep invoices and asset registers. Check IRAS rules for caps and options. Some options let you write off low-value assets in one year, within a yearly cap. Claim only for assets used in the business.

What to do

  1. List assets.
  2. Choose claim option.
  3. Compute.
  4. Claim.

We can do this for youForm C-S, C-S Lite or Form C with exemptions and rebate: SGD 900

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