Tax deduction on gifts (250% for IPC donors)

Once the Seed Bank has IPC status (the Budget Book, B.6.2), donors receive the existing 250% deduction, extended to the end of 2029 in Budget 2026. It needs no new decision, being an existing IRAS rule. It is not money the Seed Bank receives but a real public cost, so the plan counts it in §7.7: about $5.7M of tax forgone over the campaign (Years 0–2), the largest Budget cost after the anchor and the match.

Who pays

The library gives this mechanism no who-pays tag of its own.

What it costs

≈$5.7M SGD · over the campaign (Years 0–2)

Tax given up ≈$5.7M over the campaign (Years 0–2), with major donors at a 23% top rate ($5.6M at 22%, $5.9M at 24%); a tax expenditure

The ask of Government

Decision

Tax deduction on gifts – the existing 250% deduction for gifts to IPCs, once the Seed Bank has IPC status (the Budget Book, B.6.2)

Instrument

No new decision: existing IRAS rule, extended to 2029 in Budget 2026

Fiscal cost

Tax given up ≈$5.7M over the campaign (Years 0–2), with major donors at a 23% top rate ($5.6M at 22%, $5.9M at 24%); a tax expenditure

What it buys

Not money the Seed Bank receives, but a real public cost, so it is counted here. It is the largest after the first gift and the match (the Budget Book, B.9).

From §7.7, the Budget Book, B.6.2.

Who gains

Government

An existing rule, extended to 2029; the tax forgone is counted openly as a public cost (§7.7).