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Automatic Capital Allowance Classification Tool

September 18, 2025 by
Automatic Capital Allowance Classification Tool
Tax Savy, Yi En

Manual classification of fixed assets is tedious, error-prone, and time-consuming.

That’s why we built a custom ChatGPT prompt to help Tax Savy users automatically classify their fixed assets into the correct capital allowance (CA) categories in seconds.

In our latest tutorial, we’ll show you how to:

✅ Download the Fixed Asset Addition Schedule

✅ Fill in just 3 columns (Asset Class, Description, and Cost)

✅ Use our custom AI prompt to classify assets instantly

✅ Review and finalise the output for accurate tax treatment

✅ Upload it straight back into your schedule!

This workflow saves hours of manual work and ensures you apply the right CA treatment under Singapore tax rules (S19A, S19B, Renovation, etc.).

Whether you're managing hundreds of assets or just a few — let AI do the heavy lifting.


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