What Are NKRAs?

Industrial Building Allowance – FAQs

Q: Is there a cap or upper limit on the amount which I can claim on the building that is being used as a preschool or childcare centre?
A: No, there is no cap or limit qualifying building expenditure amount that a person can claim.

Q: If I have no profit to set off the industrial building allowance (IBA) for the current year, can I carry forward the IBA and set off the profit in future years?
A: Yes, you can.

Q: Can land cost be included as part of the cost of the building that qualifies for IBA claim?
A: No, land cost does not qualify for the IBA claim. 

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