Series D04 Tax 6/5 - Question 6; Capital allowance

Q.
Can you predict what question is going to come out on Capital Allowance this year 2015?
(Series D04 Tax 6/5 - Question 6; Capital allowance)

A.
Based on the past 4 years:

2011 Q3 initial allowance, yearly allowance, deductible expenses in rental
2012 Q5 industrial building allowance (IBA), what expenditure allowable for IBA, deductible expenses in rental
2103 Q6 initial allowance, yearly allowance, deductible expenses in rental
2014 Q7 capital allowance, initial and annual

By taking the sample above, it is 100% that capital allowance and deductible expenses from rental income will be repeated this year 2015.

1. Explain with reasons what is capital allowance in the context of property tax and why is it not available for individuals? How is it different from depreciation?

2. When Section 4 (d) rental income is calculated in arriving at the total chargeable income for an individual, what are the available deductible expenses for a new house recently been issued occupation certificate and subsequently rented?

Ref:

Earlier posts in past year question bank.