Course Detail()

Programme Objective

The issue of whether the gains derived from the purchase and sale of immovable property and shares are taxable depends on whether they constitute gains of a capital or revenue nature.

There have been several Singapore tax cases which deal with this issue and this course seeks to help attendees understand the factors to be considered in determining the taxability of gains derived from the purchase and sale of immovable property and shares. This course also seeks to help attendees attain a better understanding of the reasoning by the Income Tax Board of Review and High Court in some of the Singapore tax cases dealing with this topic.

Programme Outline

Capital vs Revenue distinction
Badges of Trade
Section 10(1)(a) of the Income Tax Act (“ITA”) vs section 10(1)(g) of the ITA
Review of tax cases involving the purchase and sale of immovable property
Review of tax cases involving the purchase and sale of shares

On the completion of this course, you will:

Understand the factors to be considered in determining whether the gains derived from the purchase and sale of immovable property constitute capital or revenue gains.
Understand the factors to be considered in determining whether the gains derived from the purchase and sale of shares constitute capital or revenue gains.
Understand the reasoning in some of the tax cases on the topic.
Understand the difference between section 10(1)(a) and section 10(1)(g) of the Income Tax Act.

Training Methodology

Lecture style, including sharing on some tax cases dealing with this topic.

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Accounting and Tax professionals

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2025.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

This course is approved for UTAP support for intakes conducted between 03 April 2024 – 31 March 2025.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
Course by training provider must be supported under UTAP and training must commence within the supported period and;
Unfunded course fee must not be fully sponsored by company or other types of funding
Unfunded course fee must be S$20.00 and above, and;
Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
UTAP application must be made within 6 months after course ends.

For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.

Programme Facilitator(s)