The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 2/2025 on whether the gains derived by a company from the redemption of its investment in a feeder fund of a master fund should be regarded as a capital gain, and therefore not taxable.

---

Advance Ruling Summary No. 2/2025

1. Subject:

Whether: a. the gains derived by the company from the redemption of its…

Continue Reading