No Change to Singapore Property Sales Tax Framework
Under a proposal put up earlier by MOF, they suggested that individuals who sold their properties would be certain that the gains they made would not be subject to income tax if they had not sold any other properties in the preceding four years.
After a public consultation exercise, the idea has been dropped.
The current system remains – property sellers do not pay capital tax on gains unless the IRAS sees them as traders and treats the gains as income. This is considered on a case-by-case basis.