Singapore legislation
Regulation 4
of Income Tax (Exemption of Income of Foreign Trusts) Regulations
Regulation 4
Deduction of certain losses not allowed
Amended byS 590/2005 wef 01/06/2003
No deduction shall be allowed under the Act to any eligible holding company or foreign trust in respect of any loss arising from any transaction that would have been exempted from tax under regulation 3 had it resulted in a gain or profit.