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Capital Gains

Updated: Jan 1

Capital Gains

As of January 1, 2024, Singapore does not have a capital gains tax. This means that gains from the sale of assets like property, shares, financial instruments, and even digital tokens are generally not subject to income tax. This policy makes Singapore an attractive destination for investments and long-term wealth building.

Here are some key points to remember:

  • Non-taxable gains:

  • Gains from selling a property in Singapore are considered capital gains and are not taxable.

  • Profits or losses from buying and selling shares or other financial instruments (including digital tokens) are typically viewed as personal investments and are not taxed.

  • Payouts from insurance policies are also capital receipts and are not taxable.

  • Exceptions:

  • Gains from "trading in properties" (repeated buying and selling within a short period) might be considered taxable income, depending on the specific circumstances.

  • Gains from other activities deemed business in nature (e.g., frequent buying and selling of digital tokens) might also be taxable.

For more detailed information about the tax treatment of capital gains in Singapore, you can refer to the following resources:

Consult with Bestar for Specific Advice on Your Situation

Contacting Bestar:

  • Reach out to Bestar directly and inquire about our expertise in handling individual capital gains tax cases.

  • Be sure to provide us with details about your assets, holding periods, and income level so we can give you a more accurate assessment.

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