The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 3/2023, concerning the tax treatment of the sale of an investment in a company. --- Advance Ruling Summary No. 3/2023 Subject: Whether the sale of shares in Company X is a capital transaction and therefore any cost associated with the sale and gains (if any) arising therefrom should not be deductible and taxable respectively under the provisions of the Income Tax Act 1947 (2020 Revised Edition) (the "ITA"). Relevant background and facts: Company A is incorporated in Singapore. Company A had ceased its business trading activity with effect...