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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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Singapore: Capital gains

Article 13 of the agreement provides source state taxing rights over gains arising to a resident of either the United Kingdom or Singapore from the disposal of immovable property, as defined in Article 6 (Article 13(1)). This does not affect the rights of the residence state to tax the gains as well.

Where a resident of one of the countries disposes of shares (other than shares traded on an approved Stock Exchange) deriving at least three-quarters of their value directly or indirectly from immovable property situated in the other country, any gain arising may similarly be taxed in both countries if their respective domestic laws permit (Article 13(2)).