The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 4/2026, which addresses whether the sale of a company's property is a capital transaction, in which case the proceeds would not be treated as taxable trading income.
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Advance Ruling Summary No. 4/2026
1. Subject:
Whether the sale of Company A's Property (defined below) to Company B is a capital transaction.
2. Relevant background and facts:
a. Company A is incorporated in Singapore and carries on a…