1. Since independence in 1965, there is NO CAPITAL GAINS TAX in Singapore. As a consequence, no income tax is due on sales of shares, properties, intangible assets, etc, since 1965. May all be aware, in 1965, most were still not sure of how this red dot island would even survive, in face of communism, racial violence, neighboring nations with eyes on expansion, little educated citizens, etc, etc...except the confident, & by their courage, confidence, vision, faith & hardwork, were the ones whom benefitted that none can begrudge.