Singapore legislation

Regulation 5A

of Income Tax (Exemption of Income of Trustee of Trust Fund Arising from Funds Managed by Fund Manager in Singapore) Regulations 2010

Regulation 5A

No deduction in respect of loss arising from designated investments

Amended byS 9/2011 wef 22/01/2009S 9/2011 wef 22/01/2009S 9/2011 wef 01/09/2007

Notwithstanding anything in these Regulations, no deduction shall be allowed under the Act to any trustee of a prescribed trust fund in respect of any loss arising from —

(a)

the sale, maturity, redemption or transfer of both legal and beneficial ownership (other than sale or by way of a securities lending and repurchase arrangement) of any designated investments if any gains or profits realised from such sale, maturity, redemption or transfer would have been exempt from tax under regulation 5; and

(b)

any transactions other than those falling under paragraph (a) in respect of any designated investments if any gains or profits from such transactions would have been exempt from tax under regulation 5.

Read in full context — Income Tax (Exemption of Income of Trustee of Trust Fund Arising from Funds Managed by Fund Manager in Singapore) Regulations 2010 →