Services · Tax
Related Singapore companies can transfer current-year losses capital allowances and donations between them. Groups that never look at this quietly overpay for years.
Two Singapore-incorporated companies qualify when one holds at least 75% of the other’s ordinary shares, or a third Singapore company holds 75% of both, with profit and asset tests behind the headline number. Qualifying companies with the same year end can transfer current-year unutilised losses, capital allowances and donations from a loss-maker to a profit-maker, turning trapped losses into immediate tax saved. The election is made with the returns, which means the analysis has to happen before filing, not after.
Not sure where to start?
Tell us where your books stand. An expert accountant replies within one working day.
Singapore-incorporated companies in a 75% ordinary shareholding relationship, directly or through another Singapore company, meeting the profit and asset entitlement tests, with the same financial year end.
Current-year unutilised trade losses, capital allowances and donations. Brought-forward amounts stay with the company that incurred them.
Yes, transferor and claimant must share the same accounting year end for the relevant year. Aligning year ends is often the first practical step, and we manage the change.
Frequently yes. Even one loss-making entity beside one profitable one can save five figures in a year. The check costs little because the computations are being prepared anyway.
No. Companies claiming or surrendering group relief file Form C. We handle the form implications as part of the claim.
Tell us your structure and we will check qualification this week.
Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
Get in touch
Ian & Son refers to the Ian & Son network and/or one or more of its member firms, each of which is a separate legal entity. Contact us to learn more.
