Singapore legislation

Regulation 4

of Income Tax (Gains from Short-term Transactions of Shares in Private Real Property Company) Regulations

Regulation 4

Deduction of certain expenses not allowed

For the purposes of ascertaining the gain of any person under regulation 3, no deduction shall be allowed in respect of any outgoings and expenses referred to in regulation 3(b) which were incurred for any basis period during which any income (other than income to which section 10G of the Act applies) was derived from the investment of the shares.

Read in full context — Income Tax (Gains from Short-term Transactions of Shares in Private Real Property Company) Regulations →