Singapore Ruling on the Treatment of Gains from the Sale of Certain Properties as Capital in Nature and Not Income Subject to Tax

The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 12/2026, which addresses whether gains from the sale of certain properties are capital in nature and not income subject to tax under the Income Tax Act 1947

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Advance Ruling Summary No. 12/2026

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 background and facts:]

a. Co…