Singapore High Court denies Changi Airport's tax break appeal on $270 million in infrastructure.

Changi Airport Group (CAG) lost its appeal for a tax break on $270 million spent on runways, taxiways, and aprons. The Singapore High Court ruled these assets are considered structures, not tools of trade, and therefore ineligible for capital allowances under the Income Tax Act. The court emphasized the importance of proper categorization and upheld the tribunal's findings, distinguishing between plant/machinery and buildings/structures.

November 04, 2024
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