A loss-making company may elect to transfer its current year unutilised losses and capital allowances to set off the taxable profiles in another Singapore company in the same group.

For the purposes of group relief, two Singapore companies would be members of a group if 1 is at least 75% owned by the other, or both are at least 75% owned by another Singapore incorporated company.

For the purpose of the group relief mentioned above, two Singapore companies that are subsidiaries of a holding company registered outside of Singapore are not members of a group.