As announced in the Budget 2012, the tax deduction for capital expenses incurred for the renovation and refurbishment of business premises is doubled to SGD 300,000 for every 3-year period, from the year of assessment (YA) 2013 onwards. Further details have been issued by the Inland Revenue Authority of Singapore via an e-Tax Guide published on 6 June 2012. Pursuant to the Guide, the deduction is given over a period of 3 consecutive years, on a straight-line basis, starting from the YA for which the expenses are incurred. The deduction is given so long as there is the carrying on of...