Gains from Property and Shares: Tax Insights (Live Webinar)
Date:
25 July 2024, Thursday
Venue:
Live Webinar in or outside of Singapore
Details/ Promotion:
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here for more details and
here for the registration form.
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Contact:
Please refer to organiser’s webpage here.
Programme Synopsis
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 by ISCA 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
A Highlight of Key Areas:- 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
About the Presenter(s)/ Trainer(s)
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.
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