Singapore legislation

Clause 4

of Income Tax (Amendment) Bill

Clause 4

Amendment of section 10G

Section 10G(10) of the principal Act is amended —

(a)

by deleting the word “and” at the end of paragraph (e); and

(b)

by deleting the full-stop at the end of paragraph (f) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(g)any gains or profits derived from the disposal of securities which do not form part of the statutory income of any designated unit trust or approved CPF unit trust under section 35(7A).”.