The Inland Revenue Authority of Singapore (IRAS) has issued an advance ruling summary on whether gains arising from a proposed transfer of interests in certain properties will be regarded as capital in nature and hence not taxable under the provisions of the Income Tax Act 1947.
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Advance Ruling Summary No. 16/2025
1. Subject:
a. Whether the gains arising from the proposed transfers of the interests in the Properties (as defined below) will be regarded as capital in nature and henc…