Group Relief

Key requirements

Transferor and claimant must be Singapore-incorporated, share the same financial year end and meet the 75% beneficial ordinary-shareholding relationship. The relevant ownership period affects how much may transfer; a year-end snapshot is insufficient after changes during the period. Only qualifying current-year allowances, trade losses and donations are covered. Foreign branch losses, investment allowances and ring-fenced categories are among exclusions. Investment holding and dormant companies have specific restrictions, although some donation or building-allowance items may still transfer. Follow the prescribed election and filing process for both companies and coordinate the amount claimed. Group relief is not an unrestricted consolidation of every balance in the group’s accounts.