Singapore legislation

Regulation 5

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

Regulation 5

Timing of acquisition of shares by way of inheritance

For the purposes of section 10G of the Act, where any person has disposed of any interest in shares in a relevant company which was acquired by him —

(a)

as a beneficiary under a will in consequence of the death of the testator; or

(b)

as a person entitled to succeed beneficially to the estate of an intestate under any written law in consequence of the death of the intestate,he shall be deemed to have acquired the interest at the same time the deceased acquired the interest in the shares.

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