Singapore: High Court dismisses appeal, holds that cement silo is not a “plant” for capital allowance purposes
Affirms a previous decision from the Income Tax Board of Review
Cement silo is not a “plant” for capital allowance purposes
The High Court recently dismissed an appeal from the taxpayer, holding that a cement silo is a building and not a plant for capital allowance purposes. The decision affirms a previous decision from the Income Tax Board of Review—read TaxNewsFlash.
The case is: Singapore Cement Manufacturing Co (Pte) Ltd v. Comptroller of Income tax [2023] SGHC 57
Read a June 2023 report [PDF 854 KB] prepared by the KPMG member firm in Singapore
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