Non-Taxable Capital Gains From Sale Of Properties, Shares And Financial Instruments
14 Nov 2012Date: 14 November 2012
Parliamentary Question (for Written Reply) by Mr Gerald Giam Yean Song:
To ask the Deputy Prime Minister and Minister for Finance for each of the last five years, what is the total non-taxable capital gains from the sale of properties, shares and financial instruments that are reported to IRAS.
Reply by DPM and Finance Minister Tharman Shanmugaratnam:
Singapore does not have a capital gains tax. Taxpayers are therefore not required to report their capital gains to the Inland Revenue Authority of Singapore (IRAS).