Income Tax (Concessionary Rate of Tax for Leasing Company) (Prescribed Activities) Regulations

Status:

Not current version
(version history — see timeline)

Income Tax Act

(Chapter 134, Section 43I)

Income Tax (Concessionary Rate of Tax for Leasing
Company) (Prescribed Activities) Regulations

Rg 34

G.N. No. S 528/1999

REVISED EDITION 2001

(31st January 2001)

Citation and commencement

1. These Regulations may be cited as the Income Tax (Concessionary Rate of Tax for Leasing Company) (Prescribed Activities) Regulations and shall have effect for the year of assessment 1999 and subsequent years of assessment.

Definition

2. In these Regulations, “aircraft leasing company” means any company carrying on a business of leasing aircraft.

Prescribed activities

3. For the purposes of section 43I of the Act, the prescribed activities shall be the activities specified in the Schedule which are ancillary to the offshore leasing of aircraft by an aircraft leasing company and which are approved by the Minister or such person as the Minister may appoint in relation to that aircraft leasing company.

Search within Legislation