OrbitaxSingapore Advance Ruling on Whether Transfer of Properties Between Two Related Companies is a Capital Transaction
|Approved Changes|Singapore
The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 4/2024 on whether the transfer of properties between two related companies as part of a restructuring is a capital transaction, in which case any gain would not be subject to tax.
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Advance Ruling Summary No. 4/2024
1. Subject:
Whether the transfer of Company A's Properties (defined below) to Company B i…
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