Deduction for Expenditure Incurred on Renovation or Refurbishment (R&R) Works under Section 14Q

Deduction for Expenditure Incurred on Renovation or Refurbishment (R&R) Works under Section 14Q 第14Q条下的装修与翻新工程开支扣除

• Tax deduction granted evenly over 3 consecutive YAs so long as the company continues to carry on that trade for which the  R&R  costs were incurred 只要公司继续进行产生装修与翻新的交易，就可以连续3年平均获得税收减免
• Subject to an expenditure cap of $300,000 for every relevant 3 consecutive YAs 每连续三年，有关的开支上限为30万新元
• Qualifying expenditure must not affect structure of the business premises (i.e. do not require the approval of the Commissioner of Building Control) 合格开支不得影响营业处所的结构（即无须取得建筑物委员会会长的批准）
• Granted separately from the capital allowance framework for plant & machinery 与设备和机械的资本补贴框架分开授予

Examples of qualifying expenditure (if they do not affect structure of the business premises) 合格开支的例子（如不影响营业处所的结构）

• General electrical installation and lighting 一般电气安装和照明
• Kitchen and sanitary fittings 厨房及卫生设备
• Door and window 门和窗
• Fixed partition 固定分区
• Wall covering 墙面涂料
• Flooring 地板
• False ceiling and cornice 假天花板和飞檐

• Excludes expenditure relating to structural changes made to business premises and any:  不包括与经营场所结构变化有关的支出，以及任何：
  • design fees or professional fees 设计费用或专业费用
  • antique 古董
  • any type of fine arts 任何类型的美术
  • any works carried out in relation to a place of residence provided or to be provided to the company’s employees 就提供给或将提供给公司雇员的居住地而进行的任何工程
• Deduction against income => Forms part of adjusted loss 扣除收入=>构成调整损失的一部分
  • Available for carry forward  & carry back, subject to the shareholding test 可向前结转和向后结转，以股权测试为准
  • Available for transfer under the group relief system with effect from YA 2013, subject to qualifying conditions 可根据集团减免制度进行转让，自2013年起生效，但须符合资格条件

Example: (Assuming no R&R costs incurred in the previous years) 示例：(假设前几年没有发生R&R成本)

* In YA 2018, the amount of qualifying R&R costs to be allowed is $120,000 ($300,000-$90,000) as the combined qualifying R&R costs for YA 2017 and YA 2018 is still within the qualifying expenditure cap of $300,000 for the relevant three-year period. In YA 2019, qualifying R&R costs to be allowed is capped at $90,000 ($300,000-$90,000-$120,000). 在2018年课税年度，符合资格的研发费用为12万新元(30万- 9万新元)，因为2017年年度和2018年年度的合格研发费用仍在相关三年期间的符合资格的支出上限30万新元之内。2019年，符合条件的研发费用上限为9万新元(30万- 9万- 12万新元)。