The expenditure cap and write-off choice
From YA 2025, the S$300,000 cap applies to fixed three-year blocks, beginning with YAs 2025–2027 and followed by 2028–2030. A new business entering during a block receives the full cap without proration. The deduction ordinarily runs over three consecutive years, but a permanent one-year option is available from YA 2025; an election for that year is irrevocable. The claim cannot simply be deferred to a preferred year. Partnerships apply the cap at partnership level, while a sole proprietor has one cap across trades.
Which costs qualify
Qualifying works generally do not involve structural changes requiring building-control approval. The guide distinguishes repairs deductible under ordinary rules and plant qualifying for capital allowances; the same cost cannot also receive section 14N relief. From YA 2025, eligible non-structural design and professional fees can qualify, but antiques, fine art and employee-residence works remain excluded. Maintain itemised expenditure and the relevant block totals. Unabsorbed deductions become trade losses, subject to the conditions governing carry-forward, group relief and carry-back.
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.
Read the official PDF ↗