Income Tax Act |
Income Tax (Income from Funds Managed for Foreign Investors) Regulations |
Rg 8 |
G.N. No. S 234/1988 |
REVISED EDITION 1990 |
(25th March 1992) |
[2nd September 1988] |
Citation |
1. These Regulations may be cited as the Income Tax (Income from Funds Managed for Foreign Investors) Regulations. |
Definitions |
2. In these Regulations —
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Exemption |
3. Subject to regulations 4 and 5, there shall be exempt from tax the specified income derived by a foreign investor —
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No deduction in respect of loss arising from sale of designated investments |
4. Notwithstanding anything in these Regulations, where any gains or profits realised from the sale of any designated investments are exempt under regulation 3, no deduction shall be allowed under the Act in respect of any loss arising from the sale of any such investments. |
Application |
5. These Regulations shall not apply where the foreign investor (other than an individual) —
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