Corporate & Commercial Practice
Insert description for the Corporate Law pratice area here.
Gains from the Sale of Property; Profit or Capital Gains?
The Inland Revenue Authority of Singapore (“IRAS”) had classified the $4.6M gain made by Mr. Thangavelu's clients as profit subject to corporate tax. Although an appeal to IRAS failed, Mr. Thangavelu brought the matter to the Income Tax Board of Review. read more