Step 4 - Non Trade/ Capital Transactions

Hi everyone,

Here are some information on Non Trade/ Capital Transactions if you are getting stuck.

Non Trade/ Capital Transactions are transactions outside the ordinary course of the Partnership’s business involving the sale, exchange, other disposition, or refinancing of any Partnership asset.

Capital Gains

Capital gains are not taxable. Examples of these are:

  1. gains on sale of fixed assets; and
  2. gains on foreign exchange on capital transactions.

For more information visit: https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Taxable-and-Non-taxable-Income/

Have more questions regarding Non Trade/ Capital Transactions? Feel free to ask below!