QUOTE(Zoeee @ Nov 26 2007, 09:39 PM)
Need help for F6, my F6 very terrible....
wna ask about the Industrial Building Allowance IBA, very blur on it, refer some question its like 3%- 2% then times the amount.... (pilot paper) very confusing... how actually IBA tested?
Thanks

Industrial Building Allowance (IBA) is granted to companies incurring capital expenditure on construction or purchase of a building which is used for specific purposes. In this regard, companies are eligible for an
initial allowance of 10% and an annual allowance of 3% so as IBA can be claimed within 30 years.
IBA is granted to an industrial building and approved buildings used for the following purposes:
(a) Factory;
(b) Dock, wharf, jetty and similar building;
© Warehouse where the business consists of the hire and storage space to the public;
(d) Business of water or electricity supply or telecommunication services to the public;
(e) Used with the working of the farm with or without other farms;
(f) Used with the working of a mine with or without other mines;
(g) Private hospital, maternity home, nursing home licensed under any written law for the registration of private hospital, maternity home or nursing home;
(h) R & D approved by the Minister;
(i) R & D undertaken by a company participating in industrial adjustment programme;
(j) Training undertaken by company participating in industrial adjustment programme;
(k) Research by contract R&D company and R&D company defined in the Promotion of Investment Act 1986;
(l) Buildings or structures used for the operation of approved services projects;
(m) Hotel building which has been registered with the Ministry of Culture, Arts and Tourism;
(n) business of construction, reconstruction or improvement of any public road and ancillary structures pursuance to an agreement with the government. A
special building allowance which is 1/10 of the expenditure incurred on the construction or purchase of the building is given for the following.
(a) warehouse buildings which are used for storing goods for exports and re-export;
(b) approved industrial training, technical or vocational training and education;
© accommodation of employees in manufacturing business, approved services project, hotel or tourism business;
(d) providing child care facilities to employees for sectors in ©;
(e) school or an educational institutions;
(f) use for industrial , technical or vocational training.
Where industrial building is in use and a building is constructed for use as living accommodation, the initial allowance of 2/5 of the qualifying expenditure is granted.; and
Business of construction of a building on a build-lease-transfer basis pursuance to an agreement with the government is granted industrial building allowance equal to 3/5 of the qualifying expenditure.