Singapore legislation
Regulation 3
of Income Tax (Exemption of Income of Approved Venture Company) Regulations
Regulation 3
Computation of gains or losses from disposal of authorised investment
Amended byS 221/2026 wef 01/04/2020
In computing the gains or losses of an approved venture company from the disposal of any authorised investment for the purpose of determining the specified income of the company under these Regulations, authorised investment purchased by the company on an earlier date is treated as having been disposed of first.