Qualifying investment and deduction
The scheme applied to approved investors making qualifying start-up investments between 1 March 2010 and 31 March 2020. It required at least S$100,000 within 12 months of the first investment and a continuous two-year holding period from the last qualifying investment. Deduction was 50% of qualifying cost, with S$500,000 of costs and S$250,000 of deduction as the respective annual caps. Unused deduction was disregarded.
Claim timing and disposal
The deduction belonged to the YA whose basis period contained the last day of the two-year holding period. Claims used the specified form and Enterprise Singapore confirmation through myTax Portal. Disposal gains could be taxable depending on trading circumstances, including transaction frequency, financing and systematic profit-seeking activity; the scheme did not give all sale gains a blanket exemption.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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