No tax to pay on this: allowances, credits or exemptions cover it. How it is calculated is explained below.
- Bank interest (exempt)$1,000
- One-tier dividends (exempt)$2,000
- Capital gains (not taxed)$5,000
- Income tax on trading gains$0
An estimate under the rules for the chosen year, for typical cases. It is not tax advice: check the result with the tax office or an adviser before you file.
How it is calculated
Most investment income is tax free for individuals in Singapore. Interest from banks, one-tier dividends from Singapore companies, REIT distributions and capital gains are not taxed.
If you trade shares, crypto or property often and for profit, IRAS can treat the gains as trading income. We add them to your other chargeable income and show the extra tax at resident rates.
When you sell a home soon after buying it, you pay Seller's Stamp Duty. For homes bought on or after 4 July 2025, it is 16 % within one year, then 12 %, 8 % and 4 %, with nothing after four years. For homes bought from 11 March 2017 to 3 July 2025, it is 12 %, 8 % and 4 % within three years. The duty is rounded down to the dollar.
- You are a tax resident. Other chargeable income is your income after reliefs, before investment income.
- Interest from approved banks and finance companies, one-tier dividends, REIT distributions and capital gains are not taxed for individuals.
- Trading gains are gains IRAS treats as income because you buy and sell often or with the aim of profit. They are taxed at resident rates.
- Seller's Stamp Duty is charged on the higher of the selling price and the market value. Enter the higher amount.
- Foreign income received through a partnership, and losses from trading, are not included.
Questions
Does Singapore tax capital gains?
No. Gains from selling shares, funds or property are not taxed, unless IRAS considers you to be trading. Property sold within the holding period is subject to Seller's Stamp Duty instead.
Are dividends taxed in Singapore?
Dividends from Singapore companies under the one-tier system are tax exempt for shareholders. Most foreign dividends received by individuals are also exempt.
How much Seller's Stamp Duty do I pay on a $1,000,000 home sold within a year?
If you bought it on or after 4 July 2025, you pay 16 %, which is $160,000. If you bought it earlier, the rate is 12 %, or $120,000.
When are trading gains taxable?
IRAS looks at how often you trade, how long you hold the asset, why you bought it and how you financed it. Regular short-term trading for profit is more likely to be taxed as income.
Sources
- www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/what-is-taxable-what-is-not
- www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-residency-and-tax-rates/individual-income-tax-rates
- www.iras.gov.sg/taxes/stamp-duty/for-property/selling-or-disposing-property/seller's-stamp-duty-(ssd)-for-residential-property
Now keep it on track Set the result as a budget in Spendee and see each month how much is left.
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