The following is my answer to a Quora question: “Are capital gains taxable in Singapore?”
Singapore does not have a capital gains tax. As such, any form of capital gains is not taxable. This includes revenue realised from the sale of fixed assets, incidental foreign exchange gains on those capital transactions, any foreign-sourced dividends, branch profits and service income received by the Singapore resident company; and gains on disposal of equity investments.
Even if the company is in the business of trading,
such as the trading of shares, and related instruments, realised revenue is
still capital gains. The exemption is
the buying and selling of property as a business.
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