Singapore legislation

Regulation 7

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

Regulation 7

Exemption from tax of gains on disposal of shares in property dealing or development company

Section 10G of the Act shall not apply to any disposal of shares in a relevant company where —

(a)

the relevant company is carrying on the trade of property dealing or business of real property development the income from which is chargeable to tax under section 10(1)(a) of the Act; and

(b)

all the real property owned by the relevant company constitutes the trading stock of its trade or business.

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