Propertywire.com, 28 Jul 2009
Proposals to change to income tax laws on gains from property sales in Singapore has come under fire as some believe it is a move to curb real estate speculators.
The real estate industry is calling for greater clarity on whether gains from property sales will be taxed. The Ministry of Finance said that there will be no tax on the gains from an individual who sells a property after 1 January 2010, if they have not sold any other property in the previous four years.
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