{"id":5181,"date":"2021-10-26T11:00:49","date_gmt":"2021-10-26T03:00:49","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/?p=5181"},"modified":"2021-07-06T14:55:39","modified_gmt":"2021-07-06T06:55:39","slug":"capital-gains-tax-in-singapore","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/capital-gains-tax-in-singapore\/","title":{"rendered":"Capital Gains Tax in Singapore"},"content":{"rendered":"

According to the general definition, capital gains tax<\/strong> is a tax<\/a> that is levied on profit generated from the sales of asset in which the price is higher than its original purchase price. Note the clear difference between the asset’s sale price and its original purchase price.<\/p>\n

\ud83d\udcda Start with the basic.<\/strong> Read our guide on Singapore corporate tax<\/a>, corporate tax rate<\/a> and how to file them<\/a>.<\/p>\n

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No Capital Gains Tax in Singapore<\/h2>\n

In Singapore world of business, the sales of fixed assets, shares, gains on foreign exchange on capital transactions, and intangible assets are not taxable.<\/p>\n

Capital gains can only be taxed in Singapore if you are either a trader or a dealer. What this means is that the gains can only be taxed if a person buys and sells a property with the purpose of making a profit.<\/p>\n

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Determining the Nature of Income and whether it is Trading in Capital Assets<\/h2>\n

There is currently no guide on how to determine whether something is considered as taxable trading income or tax-free capital gain. However, profits are always counted as earned income if they are the result of either trade or business activities in Singapore.<\/p>\n

\ud83d\udcb0 How to make more profit?<\/strong> Learn 10 ways to increase your business profits<\/a>.<\/p>\n

The following is a list of considerations to help you determine whether or not the buying\/selling of a property is of profit-making purpose:<\/p>\n