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Building and Construction Authority
Grants and Funded Programmes

Investment Allowance Scheme (IAS)

Type

Productivity

The Investment Allowance Scheme (IAS) supports firms in achieving higher levels of productivity with tax incentives for investing in productive equipment for construction-related works and construction-related manufacturing facilities.

Robotic arm performs automated welding on steel components inside a factory

IAS supports firms to invest in productive technologies (photo courtesy of BRC Asia Ltd.)

Firms are encouraged to invest in the latest productive systems and re-design processes to improve productivity across multiple tasks for greater impact.  

Eligible investments include:

  • Automated concrete distribution systems

  • 3D concrete printing equipment

  • Fleet of construction robots

Under the scheme, firms can offset up to 50% of approved fixed capital expenditure incurred on construction equipment and machinery against their taxable income.

Scheme period:

Available until 31 December 2028

Application deadline: 

All applications must be submitted to BCA by 30 June 2028

Who can apply

Applicants must meet the following criteria at the point of application:

  • The applicant must be a construction-related registered business in Singapore.

  • The equipment must be new at the time of purchase, feature advanced technology, and offer at least a 30% productivity improvement at trade level.

  • The equipment must be used in Singapore.

  • The minimum total capital investment per application is $1 million.

  • The minimum capital investment per piece of equipment is $100,000. Applicants may apply for multiple pieces of equipment in a single application.

Important Notes:

  1. The applicant must not have signed or confirmed a contract with, or made any payment to a supplier, vendor or third party related to the equipment purchase before submitting the application.

  2. Submitting an application does not guarantee approval. Each application will be evaluated based on its merits.

  3. Additional supporting documents may be required to facilitate the evaluation. The application will only be processed once all relevant documents are received.

  4. If applicants are unsure, they may contact BCA before submitting their application.

Ready to apply?

Interested firms may submit an Enquiry on Investment Allowance (IA) Scheme.

Our BCA officers will contact you after you submit the form.

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