Key requirements
The historical allowance concerned construction or purchase of buildings used for qualifying industrial trades. Land cost is not qualifying building expenditure, and offices, retail areas and dwellings have exclusions. Continuing claims must establish the precise transitional case, such as a purchase agreement or option dated by the stated cutoff, rather than assuming any industrial building qualifies today. The source provides separate scenarios for existing buildings, extensions and construction arrangements, along with calculation rules. Keep the original contracts, dates and allocation of qualifying and non-qualifying parts. The continued presence of this IRAS page does not reopen IBA to an ordinary new 2026 building acquisition.
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 source ↗