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Singapore Budget 2003
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Budget 2003
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  ANNEXES  
 
 
 
 
 
 
 
 
 
 
 
     

 
 
Budget Speech 2003
   
Promoting Philanthropy
 

Donation of Land and Buildings

 

4.17 From 1st April 2003 onwards, I will be giving income tax deductions for donations of buildings and parcels of land made to Institutions of a Public Character (IPCs). Donors will have the flexibility to decide if they would rather donate the sales proceeds of the asset, or the asset itself, as both options will now allow them an equivalent amount of tax deduction.

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