The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 18/2026, which addresses the tax treatment applicable to the sale of long-term strategic investment properties to related companies as part of an internal group restructuring.
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Advance Ruling Summary No. 18/2026
1. Subject:
Whether the gains from the sale of the Properties (defined below) are capital in nature and not income subject to tax under the Income Tax Act 1947 ("ITA").
2. Relevant backgroun…