Course Detail(TAX306v : Gains from Property and Shares: Tax Insights (Live Webinar))
Not Available

UTAP Funding

TAX306v : Gains from Property and Shares: Tax Insights (Live Webinar) NEW

3.50 CPE Hours (Others)
Live Webinar

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

Competency Mapping

Others = 3.50 Hours

Schedule & Fees
Date & Time

25 Jul 2024 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Joyce Chee

Venue

Live Webinar in or outside of
Singapore

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)


Joyce Chee
 
Joyce is a tax lawyer with about 19 years of experience across a broad spectrum of tax-related legal work, with about 16 years with the Law Division of the Inland Revenue Authority of Singapore (IRAS). She has rendered legal advice on a variety of tax issues and represented the IRAS in numerous noteworthy civil tax dispute cases before the Boards of Review, High Court and the Court of Appeal, as well as in the prosecution of tax offenders at the State Courts. She has also represented a Singapore subsidiary of an overseas parent company as defence counsel for the late filing of their tax returns.
 
She was involved in the legislative drafting of various provisions in the Income Tax Act, Goods and Services Tax Act, Property Tax Act and Stamp Duties Act as well as the respective subsidiary legislation.
 
She was involved in the Income Tax Board of Review hearings on the issue of the taxability of gains derived from the purchase and sale of immovable properties – HZ & Another v CIT [2004] SGITBR 8; IB v CIT [2004] SGITBR 10; GCH v CIT [2018] SGITBR 1.

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

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Joyce Chee
 
Joyce is a tax lawyer with about 19 years of experience across a broad spectrum of tax-related legal work, with about 16 years with the Law Division of the Inland Revenue Authority of Singapore (IRAS). She has rendered legal advice on a variety of tax issues and represented the IRAS in numerous noteworthy civil tax dispute cases before the Boards of Review, High Court and the Court of Appeal, as well as in the prosecution of tax offenders at the State Courts. She has also represented a Singapore subsidiary of an overseas parent company as defence counsel for the late filing of their tax returns.
 
She was involved in the legislative drafting of various provisions in the Income Tax Act, Goods and Services Tax Act, Property Tax Act and Stamp Duties Act as well as the respective subsidiary legislation.
 
She was involved in the Income Tax Board of Review hearings on the issue of the taxability of gains derived from the purchase and sale of immovable properties – HZ & Another v CIT [2004] SGITBR 8; IB v CIT [2004] SGITBR 10; GCH v CIT [2018] SGITBR 1.

Upcoming Schedule

Date & Time

25 Jul 2024 (2:00 PM - 5:30 PM)
Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Joyce Chee

Venue

Live Webinar in or outside of
Singapore


Other courses you might like

View Courses 
1.00
CPE Hours
Live Webinar

How To Plan For Your Retirement After 2024’s CPF Change

16 May 2024 - 16 May 2024

1.00
CPE Hours
Classroom

Manufacturer, Distributor or Service Provider – A Practical Perspective for Arm’s Length Price Considerations for All

16 May 2024 - 16 May 2024

7.00
CPE Hours
Classroom

Positive Psychology: Blueprint to happiness and success! (Classroom)

17 May 2024 - 17 May 2024