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”.