Anonymous

18 Aug 2020

∙

May i ask if we have to declare our income received from our robo advisors investments at the end of the year tax declaration?

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Elijah Lee

18 Aug 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Generally, profits or losses derived from the buying and selling of shares or other financial instruments are viewed as personal investments and are not taxable.

However, income from rental property is taxable. So is buying and selling property with a profit-seeking motive, or deemed to be trading in properties.

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Wilson Nid A Break

18 Aug 2020

Nope, cos singapore is investor-friendly lol

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Yang Teng

18 Aug 2020

There is no capital gains tax in Singapore. As a consequence, no income tax is due on sales of share...

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