Keppel Land Divestment of MBFC phase 1 confirmed as capital gain and not taxable - 6 DEC 2010

Update on proposed divestment of a one-third stake in MBFC phase 1 and proposed acquisition of KTGE.

• Press Release

Key Points

• Inland Revenue Authority of Singapore has confirmed that the gains from the proposed divestment of MBFC 1 is capital in nature and hence not subjected to tax. 
• The group would expect to realise a net gain of S$394 million from the MBFC 1 Transaction as compared to S$321 that the company had announced last month.

Related Posts

• K-Reit's proposed acquisition of a one-third stake in MBFC phase 1 and proposed divestment of KTGE - 11 OCT 2010