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Capital Gains Tax - Singapore
Capital Gains Tax on the Sale of Shares
In Singapore capital gains tax is only levied on:
1. Real estate purchased and sold within 3 years.
2. The profitable sale of assets whose purchase and re-sale is so short-term as to be deemed speculative.
3. Companies whose business activity consists in the repeated purchase and sale of capital assets for profit.
Where assets are owned by a company and their sale is effected by transferring ownership of the shares in the company a capital gains tax charge may also arise.
In practical terms this is likely to mean that no capital gains tax is levied on the profitable sale by a Singaporean holding company of its shares in a foreign subsidiary.
That is also to mean that Capital Gains Tax will not be levied on the sale of Stocks & Shares which are held over long period of time and the purpose of the sale is to realised investment returns or the purpose of obtaining liquidity purposes.
Last Updated: 08 November 2008
