Non-taxable Capital Gains from Sale of Properties, Shares and Financial Instruments

Debated in Parliament on 14 Nov 2012.

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Gerald Giam asked for the total non-taxable capital gains from the sale of properties, shares, and financial instruments reported to IRAS over the last five years.
Tharman Shanmugaratnam responded that Singapore does not have a capital gains tax, so taxpayers are not required to report such gains to IRAS.

Questions identified by AI (learn more)

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Gerald Giam Yean Song

Mr Gerald Giam Yean Song asked 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.

Page: 1310

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).

Page: 1310

Non-taxable Capital Gains from Sale of Properties, Shares and Financial Instruments | PAPERCUTS

Non-taxable Capital Gains from Sale of Properties, Shares and Financial Instruments

Debated in Parliament on 14 Nov 2012.

Summary written by AI (learn more)

Gerald Giam asked for the total non-taxable capital gains from the sale of properties, shares, and financial instruments reported to IRAS over the last five years.
Tharman Shanmugaratnam responded that Singapore does not have a capital gains tax, so taxpayers are not required to report such gains to IRAS.

Questions identified by AI (learn more)

Full Transcript

Gerald Giam Yean Song

Page: 1310

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).

Page: 1310

Non-taxable Capital Gains from Sale of Properties, Shares and Financial Instruments

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Tharman Shanmugaratnam

Summary

Questions Identified

Non-taxable Capital Gains from Sale of Properties, Shares and Financial Instruments

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Tharman Shanmugaratnam

Summary

Questions Identified