The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 1/2023, concerning the tax treatment of gains on transfers of partial interests in a property. --- Advance Ruling Summary No. 1/2023 Subject: Whether: the gains arising from the transfers of partial interests in the Property (as defined below) to Company B and Company C will be regarded as capital in nature, and therefore will not give rise to an income tax liability for Company A; and the date of conversion of the remaining interests in the Property owned by Company A (following the abovementioned transfers) from a capital...