Course Detail()

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

This half-day course aims to equip participants with:

the knowledge on various assets for which capital allowances can be claimed;
the mechanisms on computing the capital allowances; and
the conditions to be fulfilled for claiming capital allowances.

Programme Outline

What is Plant and Equipment?
Qualifying and Non-qualifying costs
S19 – Writing off assets over their prescribed useful life (including updates)
S19A – Writing off over 1 year or three years
Writing off Low Value Assets
CA for assets on Hire Purchase
Sale or scrap of capital assets
S21 – Replacement of Fixed Assets
S24 – Sale of Plant and Machinery to related companies
Renovation and Refurbishment Costs (S14Q)
Deferring Capital Allowances
Various income treatment on unabsorbed Capital Allowances
Land Intensification Allowances (LIA)
Capital Allowances and Leases (Update on FRS 116)
Capital Allowances – Updates due to Covid-19
Latest updates from IRAS

Pre-requisites

Please take note of the following admission requirements:

Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
Mandatory for video camera to be turned on throughout the course
Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

Training Methodology

Lecture style

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation level programme suitable for Accounting, Finance and Tax professionals who wish to gain insights and understand the mechanism of capital allowance.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2025.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

This course is approved for UTAP support for intakes conducted between 08 February 2024 – 31 March 2025.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
Course by training provider must be supported under UTAP and training must commence within the supported period and;
Unfunded course fee must not be fully sponsored by company or other types of funding
Unfunded course fee must be S$20.00 and above, and;
Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
UTAP application must be made within 6 months after course ends.

For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.

Programme Facilitator(s)

the knowledge on various assets for which capital allowances can be claimed;
the mechanisms on computing the capital allowances; and
the conditions to be fulfilled for claiming capital allowances.