Income Tax (Land Intensification Allowance) Regulations 2012 deemed to have come into operation on 23 February 2010

On By taxsgIn e-Gazette, Legislative Updates

1 February 2012

Income Tax (Land Intensification Allowance) Regulations 2012, published on 27 January 2012, is deemed to have come into operation on 23 February 2010.

The Regulations contain:

  • Qualifying conditions where the construction or renovation of any building or structure on industrial land is considered to be promoting the intensified use of the land for a trade or business for the purposes of section 18C(2) of the Act
  • Schedule of “Gross Plot Ratio Benchmark”.

Source: e-Gazette