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Parliamentary Replies

Non-Taxable Capital Gains From Sale Of Properties, Shares And Financial Instruments

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Tax-Related (Others)

14 November 2012

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Date: 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).

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