SINGAPORE, Dec 6 (Reuters) - Keppel Land expects to realise a larger profit of about S$394 million ($302.3 million) from the sale of property in Singapore's Marina Bay after the tax authority said it would treat the divestment as capital gain.
Keppel Land, a Singapore developer, last month said it expected to book a net gain of S$321 million from the divestment of its one-third stake in Marina Bay Financial Centre Towers 1 & 2 to K-REIT , a property trust it controls.
Singapore does not tax capital gains
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