What is Land Intensification Allowance (LIA)?
Introduction to Land Intensification Allowance (LIA)
- In his Budget Statement 2010, the Minister for Finance announced the introduction of the Land Intensification Allowance (LIA) incentive, a targeted scheme to promote the intensification of industrial land use towards more land-efficient and higher value-added activities.
- The new LIA incentive is available to businesses in industry sectors which have large land takes and low Gross Plot Ratios (GPR). Approved LIA incentive recipients will enjoy an initial allowance of 25% and annual allowances of 5% on qualifying capital expenditure incurred for the construction or renovation/extension of a qualifying building or structure.
- Approvals for the incentive will be granted by the Economic Development Board (EDB) from 1 July 2010 to 30 June 2015 (both dates inclusive). This circular provides more details on the incentive.
- The Gross Plot Ratio (GPR) benchmarks have been reviewed and updated as of 1st August 2013. The relevant GPR is dependent on the date upon which the application of the planning permission or written permission is made to the URA. Please refer to relevant columns in Annex A for the respective prevailing GPR benchmarks for each qualifying activity.
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